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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 ~7.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.80%
7d Period Avg+34.44%
swing±47.33%
LONG Hyperliquid · now
+1.15%
7d avg:−23.48%
SHORT Bybit · now
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.191%
Against youL 0.03616 · S 0.03609−$19.08 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
+$42.44
+0.42%
$Avg Daily PnL
+$8.92
+0.0892%
★Best Day
+$26.59
Nov 8
◎Open Interest
Hyperliquid$1.31M
Bybit$3.37M⚡Funding APR
+32.56%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Hyperliquid$408.7KBybit$1.57MLoading 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.