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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 ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+69.47%
7d Period Avg+8.27%
swing±12.51%
LONG Bybit · now
−58.52%
7d avg:+6.56%
SHORT Hyperliquid · now
+10.96%
7d avg:+14.83%
Entry Spread Now
+0.113%
In your favorL ask 5.2230 · S bid 5.2289+$11.30 at entry
24h range −0.10%…+0.21% · median +0.08%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$8.76
−0.09%
$Avg Daily PnL
+$2.38
+0.0238%
★Best Day
+$4.71
Sep 27
◎Open Interest
Bybit$185.98M
Hyperliquid$169.10M⚡Funding APR
+8.69%
annualized · funding only
⚠Execution Cost
−$25.42
entry + exit fees
⏱Payback
10.7d
to break even
◧24h Volume
Bybit$389.46MHyperliquid$328.39MLoading 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 (−$25.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.