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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 ~1.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+66.04%
3d Period Avg+7.93%
swing±9.99%
LONG Bybit · now
−55.09%
3d avg:+3.26%
SHORT Hyperliquid · now
+10.96%
3d avg:+11.19%
Entry Spread Now
+0.186%
In your favorL ask 5.1140 · S bid 5.1235+$18.58 at entry
24h range −0.09%…+0.21% · median +0.08%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$18.38
−0.18%
$Avg Daily PnL
+$2.26
+0.0226%
★Best Day
+$4.07
Sep 29
◎Open Interest
⚡Funding APR
+8.24%
annualized · funding only
⚠Execution Cost
−$25.15
entry + exit fees
⏱Payback
11.1d
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 + live L2 orderbook slippage on both legs (−$25.15 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.