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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 ~16d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.38%
3d Period Avg+7.44%
swing±11.96%
LONG grvt · nowXLM_USDT_Perp
+6.57%
3d avg:+9.82%
SHORT Hyperliquid · now
+10.96%
3d avg:+17.26%
Entry Spread Now
+0.102%
In your favorL 0.2254 · S 0.2256+$10.21 if it converges
24h range −0.23%…+0.31% · median +0.07%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$12.86
−0.13%
$Avg Daily PnL
+$2.05
+0.0205%
★Best Day
+$2.56
Sep 28
◎Open Interest
grvt$625.1K
Hyperliquid$11.61M⚡Funding APR
+7.47%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
9.3d
to break even
◧24h Volume
grvt$467.2KHyperliquid$7.36MLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.