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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+199.40%
7d Period Avg+24.63%
swing±59.68%
LONG Hyperliquid · now
−2224.05%
7d avg:−23.42%
SHORT BloFin · now
−2024.66%
7d avg:+1.21%
Entry Spread Now
−0.038%
Eaten by executionL 0.02641 · S 0.02640−$3.79 if it converges
24h range −2.13%…+1.40% · median −0.12%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$31.25
+0.31%
$Avg Daily PnL
+$7.46
+0.0746%
★Best Day
+$17.42
Sep 21
◎Open Interest
⚡Funding APR
+27.24%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.8d
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.