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updated 12:03:18 AMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−15.48%
3d Period Avg−2.47%
LONG Hyperliquid · now
+10.96%
3d avg:+10.96%
SHORT Bybit · nowBTCPERP
−4.53%
3d avg:+8.49%
Entry Spread Now
−0.075%
Against youL ask 63,167 · S bid 63,119.7−$7.49 at entry
24h range −0.13%…−0.02% · median −0.09%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$25.20
−0.25%
$Avg Daily PnL
−$0.51
−0.0051%
★Best Day
+$0.23
Jul 10
◎Open Interest
Hyperliquid$2.38B
Bybit$111.89M⚡Funding APR
−1.85%
annualized · funding only
⚠Execution Cost
−$23.17
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$1.76BBybit$69.30MLoading 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 (−$23.17 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.