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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+5.51%
swing±10.65%
LONG grvt · nowPENDLE_USDT_Perp
+10.96%
7d avg:+8.40%
SHORT Hyperliquid · now
+10.96%
7d avg:+13.91%
Entry Spread Now
−0.137%
Eaten by executionL 2.3648 · S 2.3616−$13.71 if it converges
24h range −0.48%…+0.58% · median +0.03%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$41.56
−0.42%
$Avg Daily PnL
+$1.46
+0.0146%
★Best Day
+$3.48
Sep 25
◎Open Interest
grvt$631.3K
Hyperliquid$6.84M⚡Funding APR
+5.34%
annualized · funding only
⚠Execution Cost
−$51.80
entry + exit fees
⏱Payback
1.2mo
to break even
◧24h Volume
grvt$340.2KHyperliquid$1.63MLoading 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 (−$51.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.