← Back to Screener
updated 11:05:05 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−24.04%
3d Period Avg−20.20%
swing±4.77%
LONG Hyperliquid · now
+10.96%
3d avg:+9.06%
SHORT Hotcoin · now
−13.08%
3d avg:−11.14%
Entry Spread Now
−0.018%
Against youL ask 79,730 · S bid 79,715.7−$1.79 at entry
24h range −0.07%…+0.08% · median −0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$37.53
−0.38%
$Avg Daily PnL
−$5.46
−0.0546%
★Best Day
−$5.33
Sep 5
◎Open Interest
Hyperliquid$2.83B
Hotcoin$598.43M⚡Funding APR
−19.94%
annualized · funding only
⚠Execution Cost
−$21.14
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$885.85MHotcoin—Loading 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 (−$21.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.