← 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 ~10d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.79%
7d Period Avg+3.90%
swing±5.82%
LONG Hyperliquid · now
+4.16%
7d avg:+7.06%
SHORT Backpack · nowBTC_USDC_PERP
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.089%
Against youL ask 81,187 · S bid 81,115.1−$8.86 at entry
24h range −0.15%…−0.06% · median −0.10%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$11.65
−0.12%
$Avg Daily PnL
+$1.07
+0.0107%
★Best Day
+$3.48
Oct 11
◎Open Interest
Hyperliquid$3.36B
Backpack$43.74M⚡Funding APR
+3.90%
annualized · funding only
⚠Execution Cost
−$19.13
entry + exit fees
⏱Payback
17.9d
to break even
◧24h Volume
Hyperliquid$659.56MBackpack$31.72MLoading 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 (−$19.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.