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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%
7d Period Avg+10.12%
swing±13.72%
LONG Hyperliquid · now
+10.96%
7d avg:+0.84%
SHORT Variational · nowLIGHTER
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.318%
Against youL ask 3.1187 · S bid 3.1088−$31.84 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
−$8.03
−0.08%
$Avg Daily PnL
+$2.74
+0.0274%
★Best Day
+$6.38
Nov 8
◎Open Interest
Hyperliquid$106.80M
Variational$5.07M⚡Funding APR
+10.01%
annualized · funding only
⚠Execution Cost
−$27.23
entry + exit fees
⏱Payback
9.9d
to break even
◧24h Volume
Hyperliquid$35.31MVariational$4.97MLoading 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 (−$27.23 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.