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updated —MELANIA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+86.68%
7d Period Avg+42.81%
swing±47.91%
LONG Hyperliquid · now
−75.72%
7d avg:−33.70%
SHORT Bybit · now
+10.96%
7d avg:+9.11%
Entry Spread Now
−0.355%
Against youL 0.05073 · S 0.05055−$35.48 if it converges
24h range −0.84%…+0.78% · median −0.02%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$67.55
+0.68%
$Avg Daily PnL
+$12.51
+0.1251%
★Best Day
+$24.90
Nov 13
◎Open Interest
Hyperliquid$787.8K
Bybit$618.1K⚡Funding APR
+45.65%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
Hyperliquid$100.7KBybit$523.3KLoading 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.