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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 ~3.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+24.07%
7d Period Avg+6.19%
swing±13.91%
LONG Bybit · now
−13.11%
7d avg:+2.67%
SHORT Hyperliquid · now
+10.96%
7d avg:+8.86%
Entry Spread Now
+0.048%
Eaten by executionL 0.05678 · S 0.05681+$4.76 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
−$8.20
−0.08%
$Avg Daily PnL
+$1.69
+0.0169%
★Best Day
+$4.22
Nov 10
◎Open Interest
Bybit$4.99M
Hyperliquid$2.32M⚡Funding APR
+6.15%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
11.9d
to break even
◧24h Volume
Bybit$933.4KHyperliquid$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.