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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 ~1.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+121.68%
3d Period Avg+27.67%
swing±29.98%
LONG Bybit · now
+10.96%
3d avg:+10.95%
SHORT Hyperliquid · now
+132.63%
3d avg:+38.62%
Entry Spread Now
−0.123%
Eaten by executionL 0.02843 · S 0.02840−$12.31 if it converges
24h range −0.25%…+1.53% · median +0.24%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$15.67
−0.16%
$Avg Daily PnL
+$7.19
+0.0719%
★Best Day
+$9.61
Sep 27
◎Open Interest
⚡Funding APR
+26.23%
annualized · funding only
⚠Execution Cost
−$37.23
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
Loading 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 (−$37.23 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.