← Back to Screener
updated —SAND 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+3.82%
swing±7.58%
LONG Hyperliquid · now
+10.96%
3d avg:+7.14%
SHORT Phemex · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.105%
Eaten by executionL 0.03827 · S 0.03831+$10.45 if it converges
24h range −0.37%…+1.00% · median +0.09%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$18.64
−0.19%
$Avg Daily PnL
+$0.79
+0.0079%
★Best Day
+$1.93
Nov 13
◎Open Interest
Hyperliquid$611.7K
Phemex$1.34M⚡Funding APR
+2.87%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
26.7d
to break even
◧24h Volume
Hyperliquid$148.6KPhemex$812.2KLoading 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.