← 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
−31.04%
7d Period Avg+10.24%
swing±16.32%
LONG Phoenix · now
+42.00%
7d avg:+3.54%
SHORT Hyperliquid · now
+10.96%
7d avg:+13.78%
Entry Spread Now
−0.115%
Against youL ask 5.3014 · S bid 5.2953−$11.51 at entry
24h range −1.20%…+3.96% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$20.98
−0.21%
$Avg Daily PnL
+$2.83
+0.0283%
★Best Day
+$5.81
Oct 8
◎Open Interest
Phoenix$2.01M
Hyperliquid$200.21M⚡Funding APR
+10.33%
annualized · funding only
⚠Execution Cost
−$40.79
entry + exit fees
⏱Payback
14.4d
to break even
◧24h Volume
Phoenix—Hyperliquid$182.36MLoading 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 (−$40.79 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.