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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 ~86d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.00%
3d Period Avg+2.26%
swing±20.65%
LONG grvt · nowMON_USDT_Perp
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+14.96%
3d avg:+13.22%
Entry Spread Now
−0.079%
Against youL ask 0.02921 · S bid 0.02919−$7.87 at entry
24h range −1.17%…+1.15% · median +0.05%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$92.73
−0.93%
$Avg Daily PnL
+$0.56
+0.0056%
★Best Day
+$3.17
Sep 28
◎Open Interest
grvt$655.9K
Hyperliquid$22.51M⚡Funding APR
+2.04%
annualized · funding only
⚠Execution Cost
−$94.41
entry + exit fees
⏱Payback
5.6mo
to break even
◧24h Volume
grvt$375.6KHyperliquid$10.37MLoading 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 (−$94.41 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.