← Back to Screener
updated 12:52:15 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
−0.44%
3d Period Avg+2.03%
swing±7.33%
LONG Hyperliquid · now
+10.96%
3d avg:+4.38%
SHORT Lighter · now
+10.52%
3d avg:+6.41%
Entry Spread Now
−0.002%
NeutralL ask 77,711 · S bid 77,709.5
24h range −0.05%…+0.07% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$8.65
−0.09%
$Avg Daily PnL
+$0.39
+0.0039%
★Best Day
+$1.59
Sep 12
◎Open Interest
Hyperliquid$2.87B
Lighter$163.69M⚡Funding APR
+1.41%
annualized · funding only
⚠Execution Cost
−$10.20
entry + exit fees
⏱Payback
26.4d
to break even
◧24h Volume
Hyperliquid$1.75BLighter$656.98MLoading 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 (−$10.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.