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updated 10:02:26 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+17.26%
LONG Bybit · nowXMRPERP
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
3d avg:+28.22%
Entry Spread Now
+0.108%
Eaten by executionL 415.6800 · S 416.1300+$10.83 if it converges
24h range +0.07%…+0.24% · median +0.15%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$12.89
−0.13%
$Avg Daily PnL
+$3.42
+0.0342%
★Best Day
+$6.33
Aug 17
◎Open Interest
Bybit$121.6K
Hyperliquid$61.51M⚡Funding APR
+12.47%
annualized · funding only
⚠Execution Cost
−$26.55
entry + exit fees
⏱Payback
7.8d
to break even
◧24h Volume
Bybit$5.0KHyperliquid$7.19MLoading 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 (−$26.55 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.