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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
−226.44%
3d Period Avg−4.17%
swing±87.01%
LONG Hyperliquid · now
−2106.74%
3d avg:−32.65%
SHORT Bybit · now
−2333.18%
3d avg:−36.82%
Entry Spread Now
+1.274%
In your favorL 0.02614 · S 0.02647+$127.39 if it converges
24h range −2.16%…+2.32% · median +0.34%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$26.77
−0.27%
$Avg Daily PnL
−$2.26
−0.0226%
★Best Day
+$1.18
Sep 25
◎Open Interest
⚡Funding APR
−8.24%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
never
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.