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 covers it in ~131d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+0.44%
7d Period Avgβ0.85%
swingΒ±5.52%
LONG Lighter Robinhood Β· nowZEC-USDG
+10.52%
7d avg:+10.52%
SHORT Hyperliquid Β· now
+10.96%
7d avg:+9.67%
Entry Spread Now
β0.105%
Against youL ask 1,353.72 Β· S bid 1,352.3β$10.49 at entry
24h range β0.10%β¦+0.16% Β· median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$17.38
β0.17%
$Avg Daily PnL
β$0.23
β0.0023%
β
Best Day
+$0.12
Oct 25
βOpen Interest
Lighter Robinhood$1.01M
Hyperliquid$715.30Mβ‘Funding APR
β0.85%
annualized Β· funding only
β Execution Cost
β$15.75
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Lighter Robinhood$2.73MHyperliquid$499.75MLoading 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$15.75 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.