← Back to Screener
updated 8:50:06 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.7d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+470.75%
3d Period Avg+3.13%
swing±120.86%
LONG Backpack · nowHYPE_USDC_PERP
−68.39%
3d avg:−18.15%
SHORT Hibachi · nowHYPE/USDT-P
+402.36%
3d avg:−15.02%
Entry Spread Now
−0.006%
Against youL ask 81.4250 · S bid 81.4203−$0.58 at entry
24h range −0.89%…+1.09% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
−$603.43
−6.03%
$Avg Daily PnL
+$0.81
+0.0081%
★Best Day
+$5.41
Sep 2
◎Open Interest
Backpack$12.53M
Hibachi$143.1K⚡Funding APR
+2.95%
annualized · funding only
⚠Execution Cost
−$606.67
entry + exit fees
⏱Payback
25.0mo
to break even
◧24h Volume
Backpack$11.74MHibachi$105.0KLoading 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 (−$606.67 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.