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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
−26.30%
7d Period Avg+55.03%
swing±75.70%
LONG BloFin · now
+37.26%
7d avg:+13.28%
SHORT Hyperliquid · now
+10.96%
7d avg:+68.31%
Entry Spread Now
+0.072%
Eaten by executionL 0.09813 · S 0.09820+$7.24 if it converges
24h range −2.97%…+1.76% · median +0.17%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$84.47
+0.84%
$Avg Daily PnL
+$15.07
+0.1507%
★Best Day
+$32.51
Sep 21
◎Open Interest
⚡Funding APR
+55.00%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
1.4d
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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.