← 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 ~40d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.95%
3d Period Avg+31.93%
swing±14.45%
LONG Hyperliquid · now
+10.96%
3d avg:+10.99%
SHORT Backpack · nowZEC_USDC_PERP
+12.91%
3d avg:+42.92%
Entry Spread Now
−0.065%
Against youL ask 1,127.6 · S bid 1,126.87−$6.47 at entry
24h range −0.40%…+0.28% · median −0.12%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$4.45
+0.04%
$Avg Daily PnL
+$8.62
+0.0862%
★Best Day
+$9.03
Oct 17
◎Open Interest
Hyperliquid$539.23M
Backpack$1.82M⚡Funding APR
+31.47%
annualized · funding only
⚠Execution Cost
−$21.42
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Hyperliquid$171.68MBackpack$997.3KLoading 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 (−$21.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.