← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+22.66%
7d Period Avg+24.49%
swing±35.69%
LONG Variational · now
+10.96%
7d avg:+10.96%
SHORT Hyperliquid · now
+33.61%
7d avg:+35.45%
Entry Spread Now
+0.320%
In your favorL 0.1062 · S 0.1065+$32.02 if it converges
24h range −0.98%…+1.54% · median +0.19%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$24.52
+0.25%
$Avg Daily PnL
+$6.65
+0.0665%
★Best Day
+$12.01
Sep 26
◎Open Interest
Variational$4.36M
Hyperliquid$53.65M⚡Funding APR
+24.26%
annualized · funding only
⚠Execution Cost
−$22.01
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
Variational$4.18MHyperliquid$65.37MLoading 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 (−$22.01 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.