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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 ~6.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.16%
7d Period Avg+5.44%
swing±7.76%
LONG grvt · nowXRP_USDT_Perp
−1.21%
7d avg:+4.66%
SHORT Hyperliquid · now
+10.96%
7d avg:+10.10%
Entry Spread Now
+0.007%
In your favorL ask 1.4040 · S bid 1.4041+$0.71 at entry
24h range −0.05%…+0.11% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$10.19
−0.10%
$Avg Daily PnL
+$1.49
+0.0149%
★Best Day
+$4.01
Oct 9
◎Open Interest
grvt$840.0K
Hyperliquid$140.80M⚡Funding APR
+5.44%
annualized · funding only
⚠Execution Cost
−$20.62
entry + exit fees
⏱Payback
13.8d
to break even
◧24h Volume
grvt$29.83MHyperliquid$17.69MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$20.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.