← Back to Screener
updated —1000SHIB Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.22%
3d Period Avg+9.78%
swing±15.46%
LONG Phemex · nowu1000SHIBUSDT
−20.26%
3d avg:−0.12%
SHORT Hyperliquid · nowkSHIB
+10.96%
3d avg:+9.66%
Entry Spread Now
−0.080%
Eaten by executionL 0.003746 · S 0.003743−$8.01 if it converges
24h range −1.22%…+0.81% · median +0.02%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$10.84
−0.11%
$Avg Daily PnL
+$3.39
+0.0339%
★Best Day
+$5.83
Nov 14
◎Open Interest
Phemex$1.76M
Hyperliquid$3.06M⚡Funding APR
+12.37%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
6.2d
to break even
◧24h Volume
Phemex$3.31MHyperliquid$2.12MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.