β Back to Screener
updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β17.95%
3d Period Avgβ0.47%
swingΒ±7.14%
LONG Backpack Β· nowXRP_USDC_PERP
+5.26%
3d avg:+7.06%
SHORT Hyperliquid Β· now
β12.69%
3d avg:+6.59%
Entry Spread Now
+0.085%
In your favorL ask 1.2922 Β· S bid 1.2933+$8.51 at entry
24h range β0.29%β¦+0.26% Β· median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$21.08
β0.21%
$Avg Daily PnL
β$0.13
β0.0013%
β
Best Day
+$1.48
Oct 15
βOpen Interest
Backpack$1.20M
Hyperliquid$222.53Mβ‘Funding APR
β0.46%
annualized Β· funding only
β Execution Cost
β$20.70
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Backpack$197.7KHyperliquid$46.52MLoading Cumulative PnLβ¦
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 (β$20.70 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.