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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+20.60%
swing±22.59%
LONG Bybit · now
+10.96%
3d avg:+8.31%
SHORT Hyperliquid · now
+10.96%
3d avg:+28.91%
Entry Spread Now
−1.195%
Against youL 0.05609 · S 0.05542−$119.45 if it converges
24h range −0.09%…+0.52% · median +0.22%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$3.26
−0.03%
$Avg Daily PnL
+$5.58
+0.0558%
★Best Day
+$9.18
Sep 26
◎Open Interest
⚡Funding APR
+20.37%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
3.6d
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 + fees only (orderbook snapshot stale) on both legs (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.