← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+3.48%
swing±11.98%
LONG Phemex · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
3d avg:+14.44%
Entry Spread Now
+0.062%
In your favorL ask 9.6680 · S bid 9.6740+$6.21 at entry
24h range −0.32%…+0.28% · median +0.07%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$38.49
−0.38%
$Avg Daily PnL
+$0.88
+0.0088%
★Best Day
+$3.51
Sep 25
◎Open Interest
Phemex$28.42M
Hyperliquid$56.12M⚡Funding APR
+3.21%
annualized · funding only
⚠Execution Cost
−$41.13
entry + exit fees
⏱Payback
1.6mo
to break even
◧24h Volume
Phemex$4.27MHyperliquid$29.41MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$41.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.