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updated 2:40:01 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+46.49%
30d Period Avg−2.16%
LONG Bybit · now
−35.80%
30d avg:−2.20%
SHORT Hyperliquid · now
+10.69%
30d avg:−4.36%
Entry Spread Now
+0.279%
In your favorL 0.03221 · S 0.03230+$27.94 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
−$38.59
−0.39%
$Avg Daily PnL
−$0.60
−0.0060%
★Best Day
+$7.62
Jul 29
◎Open Interest
Bybit$2.16M
Hyperliquid$379.1K⚡Funding APR
−2.19%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$476.6KHyperliquid$130.8KLoading 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.