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updated —STX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−7.32%
3d Period Avg+7.99%
swing±10.15%
LONG Hyperliquid · now
+10.96%
3d avg:+2.97%
SHORT Bybit · now
+3.64%
3d avg:+10.96%
Entry Spread Now
−0.180%
Against youL 0.2773 · S 0.2768−$18.03 if it converges
24h range −1.13%…+0.76% · median −0.05%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$12.56
−0.13%
$Avg Daily PnL
+$2.48
+0.0248%
★Best Day
+$4.79
Nov 12
◎Open Interest
Hyperliquid$1.34M
Bybit$6.12M⚡Funding APR
+9.06%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
8.1d
to break even
◧24h Volume
Hyperliquid$1.05MBybit$3.32MLoading 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.