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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+3.02%
swing±10.35%
LONG Bybit · now
+10.96%
3d avg:+12.16%
SHORT Hyperliquid · now
+10.96%
3d avg:+15.18%
Entry Spread Now
−0.758%
Against youL 0.09700 · S 0.09627−$75.77 if it converges
24h range −2.75%…+4.18% · median −0.01%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$15.04
−0.15%
$Avg Daily PnL
+$1.65
+0.0165%
★Best Day
+$4.75
Sep 25
◎Open Interest
⚡Funding APR
+6.03%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
12.1d
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 + fees only (orderbook snapshot stale) on both legs (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.