← 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 ~3.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.47%
7d Period Avg+28.22%
swing±19.29%
LONG Variational · now
−2.51%
7d avg:−8.97%
SHORT Hyperliquid · now
+10.96%
7d avg:+19.25%
Entry Spread Now
+0.164%
In your favorL 70.8947 · S 71.0110+$16.40 if it converges
24h range −0.26%…+0.44% · median +0.11%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$41.20
+0.41%
$Avg Daily PnL
+$7.73
+0.0773%
★Best Day
+$12.08
Sep 21
◎Open Interest
Variational$4.99M
Hyperliquid$27.78M⚡Funding APR
+28.20%
annualized · funding only
⚠Execution Cost
−$12.88
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
Variational$1.49MHyperliquid$19.85MLoading 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 (−$12.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.