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updated —LIT 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
+0.00%
3d Period Avg+8.37%
swing±12.51%
LONG Hyperliquid · now
+10.96%
3d avg:+2.59%
SHORT Variational · nowLIGHTER
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.172%
Against youL ask 3.1029 · S bid 3.0976−$17.21 at entry
24h range −0.60%…+0.24% · median −0.09%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$21.34
−0.21%
$Avg Daily PnL
+$1.65
+0.0165%
★Best Day
+$2.66
Nov 12
◎Open Interest
Hyperliquid$106.35M
Variational$5.06M⚡Funding APR
+6.01%
annualized · funding only
⚠Execution Cost
−$26.28
entry + exit fees
⏱Payback
16.0d
to break even
◧24h Volume
Hyperliquid$34.51MVariational$4.92MLoading 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 (−$26.28 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.