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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+76.61%
30d Period Avg+9.68%
swing±70.63%
LONG Hyperliquid · now
−65.65%
30d avg:−64.63%
SHORT Bybit · now
+10.96%
30d avg:−54.95%
Entry Spread Now
+0.172%
In your favorL 0.1450 · S 0.1452+$17.25 if it converges
24h range −0.47%…+0.55% · median +0.17%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$59.55
+0.60%
$Avg Daily PnL
+$2.65
+0.0265%
★Best Day
+$30.08
Sep 5
◎Open Interest
Hyperliquid$1.79M
Bybit$4.27M⚡Funding APR
+9.68%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
7.5d
to break even
◧24h Volume
Hyperliquid$452.1KBybit$1.24MLoading 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.