← 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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−21.04%
3d Period Avg+7.13%
swing±17.09%
LONG Phoenix · now
+32.00%
3d avg:+3.83%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.115%
Against youL ask 5.3056 · S bid 5.2995−$11.50 at entry
24h range −1.20%…+3.96% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$34.91
−0.35%
$Avg Daily PnL
+$2.19
+0.0219%
★Best Day
+$5.14
Oct 8
◎Open Interest
⚡Funding APR
+7.99%
annualized · funding only
⚠Execution Cost
−$41.48
entry + exit fees
⏱Payback
18.9d
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 + live L2 orderbook slippage on both legs (−$41.48 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.