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updated —SKY Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+18.75%
3d Period Avg+1.11%
swing±14.60%
LONG Bybit · now
−7.79%
3d avg:+5.03%
SHORT Hyperliquid · now
+10.96%
3d avg:+6.14%
Entry Spread Now
+0.211%
In your favorL 0.05681 · S 0.05693+$21.12 if it converges
24h range −0.54%…+0.58% · median −0.03%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$19.08
−0.19%
$Avg Daily PnL
+$0.31
+0.0031%
★Best Day
+$1.34
Nov 11
◎Open Interest
Bybit$5.00M
Hyperliquid$2.32M⚡Funding APR
+1.12%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
2.2mo
to break even
◧24h Volume
Bybit$944.1KHyperliquid$187.7KLoading 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.