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updated 4:28:53 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.55%
3d Period Avg−25.83%
LONG Bybit · now
−30.11%
3d avg:+3.07%
SHORT Hyperliquid · now
−3.55%
3d avg:−22.76%
Entry Spread Now
−0.102%
Against youL 0.03231 · S 0.03228−$10.21 if it converges
24h range −0.43%…+0.05% · median −0.18%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$40.21
−0.40%
$Avg Daily PnL
−$5.05
−0.0505%
★Best Day
+$0.50
Aug 14
◎Open Interest
Bybit$2.16M
Hyperliquid$378.7K⚡Funding APR
−18.44%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$474.1KHyperliquid$130.9KLoading 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.