β Back to Screener
updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~13d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+6.57%
3d Period Avgβ0.09%
swingΒ±11.48%
LONG Lighter Β· now
+4.38%
3d avg:+0.94%
SHORT Hyperliquid Β· now
+10.96%
3d avg:+0.85%
Entry Spread Now
β0.093%
Against youL ask 10.0203 Β· S bid 10.0110β$9.28 at entry
24h range β0.08%β¦+0.09% Β· median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$22.88
β0.23%
$Avg Daily PnL
β$0.02
β0.0002%
β
Best Day
+$0.46
Oct 14
βOpen Interest
Lighter$1.07M
Hyperliquid$21.94Mβ‘Funding APR
β0.09%
annualized Β· funding only
β Execution Cost
β$22.81
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Lighter$570.1KHyperliquid$6.35MLoading Cumulative PnLβ¦
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 (β$22.81 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.