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updated —AERO Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−23.82%
7d Period Avg+22.69%
swing±32.60%
LONG MEXC · now
+10.96%
7d avg:−14.70%
SHORT Hyperliquid · now
−12.87%
7d avg:+7.99%
Entry Spread Now
−0.022%
Eaten by executionL 0.4571 · S 0.4570−$2.19 if it converges
24h range −0.77%…+0.65% · median −0.01%
Long pays every4hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$30.32
+0.30%
$Avg Daily PnL
+$6.19
+0.0619%
★Best Day
+$17.89
Nov 9
◎Open Interest
MEXC$1.61M
Hyperliquid$17.00M⚡Funding APR
+22.59%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
MEXC$847.1KHyperliquid$3.18MLoading 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 (−$13.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.