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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+17.20%
swing±27.59%
LONG Hyperliquid · now
+10.96%
3d avg:−10.66%
SHORT Lighter · now
+10.52%
3d avg:+6.54%
Entry Spread Now
−0.041%
Against youL ask 3.1384 · S bid 3.1371−$4.14 at entry
24h range −0.17%…+0.34% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$10.32
−0.10%
$Avg Daily PnL
+$4.75
+0.0475%
★Best Day
+$6.98
Oct 15
◎Open Interest
Hyperliquid$130.38M
Lighter$33.64M⚡Funding APR
+17.35%
annualized · funding only
⚠Execution Cost
−$24.58
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
Hyperliquid$9.32MLighter$9.61MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$24.58 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.