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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 ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+92.05%
7d Period Avg+41.02%
swing±40.05%
LONG Bybit · now
+10.96%
7d avg:+7.98%
SHORT Hyperliquid · now
+103.01%
7d avg:+49.00%
Entry Spread Now
−0.010%
NeutralL 0.08153 · S 0.08152
24h range −0.64%…+1.62% · median +0.18%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$59.07
+0.59%
$Avg Daily PnL
+$11.30
+0.1130%
★Best Day
+$23.57
Sep 21
◎Open Interest
⚡Funding APR
+41.23%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.8d
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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.