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updated —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
+0.00%
7d Period Avg+9.72%
swing±13.69%
LONG grvt · nowXLM_USDT_Perp
+10.96%
7d avg:+10.49%
SHORT Hyperliquid · now
+10.96%
7d avg:+20.21%
Entry Spread Now
+0.053%
Eaten by executionL 0.2249 · S 0.2250+$5.34 if it converges
24h range −0.23%…+0.31% · median +0.06%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$1.15
−0.01%
$Avg Daily PnL
+$2.55
+0.0255%
★Best Day
+$5.20
Sep 25
◎Open Interest
grvt$621.2K
Hyperliquid$11.69M⚡Funding APR
+9.31%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
7.5d
to break even
◧24h Volume
grvt$464.1KHyperliquid$8.24MLoading 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.