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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+69.94%
3d Period Avg+40.90%
swing±39.62%
LONG Bybit · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+80.90%
3d avg:+51.86%
Entry Spread Now
+1.867%
In your favorL 0.08248 · S 0.08402+$186.71 if it converges
24h range −0.64%…+1.62% · median +0.19%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$5.89
−0.06%
$Avg Daily PnL
+$10.73
+0.1073%
★Best Day
+$17.06
Sep 26
◎Open Interest
Bybit$11.41M
Hyperliquid$3.53M⚡Funding APR
+39.17%
annualized · funding only
⚠Execution Cost
−$38.08
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Bybit$6.05MHyperliquid$5.10MLoading 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 (−$38.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.