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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 ~2.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.72%
7d Period Avg+7.26%
swing±14.00%
LONG Lighter · now
−8.77%
7d avg:+3.05%
SHORT Hyperliquid · now
+10.96%
7d avg:+10.31%
Entry Spread Now
+0.045%
Eaten by executionL 7.0780 · S 7.0812+$4.52 if it converges
24h range −0.17%…+0.28% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$0.35
+0.00%
$Avg Daily PnL
+$1.99
+0.0199%
★Best Day
+$4.59
Oct 15
◎Open Interest
⚡Funding APR
+7.26%
annualized · funding only
⚠Execution Cost
−$14.27
entry + exit fees
⏱Payback
7.2d
to break even
◧24h Volume
Loading 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 (−$14.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.