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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 ~20d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.68%
7d Period Avg+12.42%
swing±22.09%
LONG Hyperliquid · now
+7.28%
7d avg:−8.93%
SHORT Bybit · now
+10.96%
7d avg:+3.49%
Entry Spread Now
+0.112%
In your favorL 0.1067 · S 0.1068+$11.24 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
−$2.95
−0.03%
$Avg Daily PnL
+$2.44
+0.0244%
★Best Day
+$11.66
Nov 8
◎Open Interest
Hyperliquid$461.3K
Bybit$664.0K⚡Funding APR
+8.89%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
Hyperliquid$164.4KBybit$403.1KLoading 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.