← 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 ~1.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+36.29%
30d Period Avg+10.38%
swing±29.98%
LONG Backpack · nowCRV_USDC_PERP
−25.34%
30d avg:+3.78%
SHORT Hyperliquid · now
+10.96%
30d avg:+14.16%
Entry Spread Now
+0.232%
In your favorL 0.3832 · S 0.3841+$23.22 if it converges
24h range −0.62%…+0.67% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$66.21
+0.66%
$Avg Daily PnL
+$2.84
+0.0284%
★Best Day
+$13.85
Sep 23
◎Open Interest
Backpack$107.8K
Hyperliquid$12.44M⚡Funding APR
+10.37%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
6.7d
to break even
◧24h Volume
Backpack$107.1KHyperliquid$11.40MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.