← 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 ~12d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.62%
7d Period Avg+8.64%
swing±21.38%
LONG Hyperliquid · now
−0.11%
7d avg:−1.55%
SHORT Lighter · now
+10.52%
7d avg:+7.09%
Entry Spread Now
+0.103%
In your favorL ask 3.0997 · S bid 3.1029+$10.32 at entry
24h range −0.17%…+0.34% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$18.49
−0.18%
$Avg Daily PnL
+$2.41
+0.0241%
★Best Day
+$6.98
Oct 15
◎Open Interest
Hyperliquid$128.87M
Lighter$33.20M⚡Funding APR
+8.78%
annualized · funding only
⚠Execution Cost
−$35.34
entry + exit fees
⏱Payback
14.7d
to break even
◧24h Volume
Hyperliquid$8.37MLighter$9.17MLoading 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 (−$35.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.