← Back to Screener
updated 2:39:44 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.73%
30d Period Avg+7.58%
LONG Hyperliquid · now
−24.77%
30d avg:−8.87%
SHORT Variational · now
+10.96%
30d avg:−1.29%
Entry Spread Now
−0.040%
Eaten by executionL 1.6865 · S 1.6858−$4.00 if it converges
24h range −0.58%…+0.22% · median −0.15%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$40.62
+0.41%
$Avg Daily PnL
+$1.60
+0.0160%
★Best Day
+$11.82
Jul 30
◎Open Interest
Hyperliquid$292.3K
Variational$43.7K⚡Funding APR
+5.84%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
5.6d
to break even
◧24h Volume
Hyperliquid$71.4KVariational$13.4KLoading 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 (−$9.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.