← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~216d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+1.93%
swing±4.23%
LONG Lighter · now
+10.52%
3d avg:+8.38%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.31%
Entry Spread Now
+0.253%
In your favorL 0.8420 · S 0.8441+$25.30 if it converges
24h range −1.03%…+0.94% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$24.55
−0.25%
$Avg Daily PnL
+$0.48
+0.0048%
★Best Day
+$0.64
Oct 16
◎Open Interest
Lighter$1.18M
Hyperliquid$32.61M⚡Funding APR
+1.75%
annualized · funding only
⚠Execution Cost
−$25.99
entry + exit fees
⏱Payback
1.8mo
to break even
◧24h Volume
Lighter$111.3KHyperliquid$2.23MLoading 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 (−$25.99 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.