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updated —S Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+33.07%
3d Period Avg+4.99%
swing±10.55%
LONG Hyperliquid · now
−22.12%
3d avg:+5.97%
SHORT Bybit · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.229%
Against youL 0.03617 · S 0.03609−$22.95 if it converges
24h range −1.36%…+0.88% · median −0.08%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$16.34
−0.16%
$Avg Daily PnL
+$1.22
+0.0122%
★Best Day
+$2.66
Nov 13
◎Open Interest
Hyperliquid$1.31M
Bybit$3.37M⚡Funding APR
+4.46%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
16.4d
to break even
◧24h Volume
Hyperliquid$407.1KBybit$1.56MLoading 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.