← 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 ~4.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.51%
7d Period Avg+29.15%
swing±19.67%
LONG Variational · now
−4.55%
7d avg:−10.78%
SHORT Hyperliquid · now
+10.96%
7d avg:+18.37%
Entry Spread Now
−0.007%
Against youL ask 10.8118 · S bid 10.8110−$0.74 at entry
24h range −0.21%…+0.86% · median +0.09%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$35.39
+0.35%
$Avg Daily PnL
+$7.98
+0.0798%
★Best Day
+$13.97
Sep 21
◎Open Interest
Variational$2.84M
Hyperliquid$15.92M⚡Funding APR
+29.13%
annualized · funding only
⚠Execution Cost
−$20.47
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Variational$2.35MHyperliquid$10.48MLoading 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 (−$20.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.