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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 ~99d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
7d Period Avg+14.11%
swing±15.03%
LONG Lighter · now
+10.52%
7d avg:−8.83%
SHORT Hyperliquid · now
+10.96%
7d avg:+5.28%
Entry Spread Now
−0.052%
Against youL ask 1.3336 · S bid 1.3329−$5.24 at entry
24h range −0.16%…+0.13% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$15.05
+0.15%
$Avg Daily PnL
+$3.86
+0.0386%
★Best Day
+$7.36
Oct 9
◎Open Interest
Lighter$2.68M
Hyperliquid$248.29M⚡Funding APR
+14.10%
annualized · funding only
⚠Execution Cost
−$11.99
entry + exit fees
⏱Payback
3.1d
to break even
◧24h Volume
Lighter$5.78MHyperliquid$92.57MLoading 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 (−$11.99 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.