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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%
7d Period Avg+11.39%
swing±17.87%
LONG Hyperliquid · now
+10.96%
7d avg:+9.35%
SHORT Lighter · now
+10.52%
7d avg:+20.74%
Entry Spread Now
−0.011%
Against youL ask 2.1743 · S bid 2.1741−$1.10 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
−$30.47
−0.30%
$Avg Daily PnL
+$3.11
+0.0311%
★Best Day
+$5.64
Oct 10
◎Open Interest
⚡Funding APR
+11.36%
annualized · funding only
⚠Execution Cost
−$52.27
entry + exit fees
⏱Payback
16.8d
to break even
◧24h Volume
Loading 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 (−$52.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.