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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 ~2.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+40.98%
7d Period Avg+27.44%
swing±31.86%
LONG Bybit · now
−1.02%
7d avg:+6.67%
SHORT Hyperliquid · now
+39.96%
7d avg:+34.11%
Entry Spread Now
+0.178%
In your favorL 0.02748 · S 0.02753+$17.83 if it converges
24h range −0.25%…+1.53% · median +0.25%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$22.15
+0.22%
$Avg Daily PnL
+$7.45
+0.0745%
★Best Day
+$11.84
Sep 21
◎Open Interest
Bybit$21.87M
Hyperliquid$22.70M⚡Funding APR
+27.20%
annualized · funding only
⚠Execution Cost
−$30.00
entry + exit fees
⏱Payback
4.0d
to break even
◧24h Volume
Bybit$16.02MHyperliquid$12.06MLoading 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 (−$30.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.