← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg−38.40%
swing±57.15%
LONG Phemex · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
3d avg:−27.44%
Entry Spread Now
−0.066%
Eaten by executionL 7.7530 · S 7.7479−$6.58 if it converges
24h range −0.25%…+0.20% · median −0.08%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$49.47
−0.49%
$Avg Daily PnL
−$9.49
−0.0949%
★Best Day
+$0.98
Sep 25
◎Open Interest
⚡Funding APR
−34.64%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.