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updated —INJ Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.07%
7d Period Avg+18.13%
swing±29.16%
LONG Hyperliquid · now
+10.96%
7d avg:−11.74%
SHORT Bybit · now
+9.89%
7d avg:+6.39%
Entry Spread Now
−0.027%
Eaten by executionL 7.9151 · S 7.9130−$2.65 if it converges
24h range −2.56%…+0.70% · median −0.05%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$25.99
+0.26%
$Avg Daily PnL
+$6.57
+0.0657%
★Best Day
+$18.62
Nov 12
◎Open Interest
Hyperliquid$7.89M
Bybit$17.41M⚡Funding APR
+23.98%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Hyperliquid$9.45MBybit$44.57MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.