← Back to Screener
updated —WLD Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+66.63%
3d Period Avg+24.84%
swing±22.75%
LONG Hyperliquid · now
−55.67%
3d avg:−15.94%
SHORT Phemex · now
+10.96%
3d avg:+8.90%
Entry Spread Now
+0.064%
Eaten by executionL 0.2791 · S 0.2793+$6.45 if it converges
24h range −0.31%…+0.27% · median +0.04%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$9.01
−0.09%
$Avg Daily PnL
+$5.65
+0.0565%
★Best Day
+$7.85
Nov 14
◎Open Interest
Hyperliquid$29.89M
Phemex$1.34M⚡Funding APR
+20.61%
annualized · funding only
⚠Execution Cost
−$25.95
entry + exit fees
⏱Payback
4.6d
to break even
◧24h Volume
Hyperliquid$10.33MPhemex$2.74MLoading 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 (−$25.95 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.