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updated —IO Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~80d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.91%
3d Period Avg+1.88%
swing±4.23%
LONG Hyperliquid · now
+10.04%
3d avg:+2.65%
SHORT Bybit · now
+10.96%
3d avg:+4.53%
Entry Spread Now
−0.056%
Eaten by executionL 0.1067 · S 0.1066−$5.63 if it converges
24h range −0.71%…+1.02% · median +0.04%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$19.63
−0.20%
$Avg Daily PnL
+$0.12
+0.0012%
★Best Day
+$0.24
Nov 11
◎Open Interest
Hyperliquid$460.7K
Bybit$661.8K⚡Funding APR
+0.45%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
5.4mo
to break even
◧24h Volume
Hyperliquid$165.8KBybit$358.5KLoading 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.