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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+9.52%
swing±12.27%
LONG Hyperliquid · now
+10.96%
3d avg:+5.80%
SHORT Lighter · now
+10.52%
3d avg:+15.32%
Entry Spread Now
+0.600%
In your favorL ask 2.1611 · S bid 2.1741+$59.97 at entry
24h range −0.99%…+1.20% · median +0.09%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$45.96
−0.46%
$Avg Daily PnL
+$2.82
+0.0282%
★Best Day
+$4.64
Oct 13
◎Open Interest
Hyperliquid$88.64M
Lighter$9.09M⚡Funding APR
+10.28%
annualized · funding only
⚠Execution Cost
−$54.41
entry + exit fees
⏱Payback
19.3d
to break even
◧24h Volume
Hyperliquid$39.10MLighter$1.24MLoading 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 (−$54.41 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.