← 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 ~1.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+106.43%
3d Period Avg−21.63%
swing±38.55%
LONG Lighter · now
+10.52%
3d avg:+43.47%
SHORT Hyperliquid · now
+116.95%
3d avg:+21.84%
Entry Spread Now
+4.508%
In your favorL ask 1.8625 · S bid 1.9465+$450.78 at entry
24h range −1.53%…+1.21% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$61.40
−0.61%
$Avg Daily PnL
−$5.92
−0.0592%
★Best Day
−$0.10
Oct 2
◎Open Interest
Lighter$7.30M
Hyperliquid$42.19M⚡Funding APR
−21.61%
annualized · funding only
⚠Execution Cost
−$43.64
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$1.78MHyperliquid$32.97MLoading 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 (−$43.64 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.