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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
β5.26%
3d Period Avgβ5.43%
swingΒ±4.27%
LONG Hyperliquid Β· now
+10.96%
3d avg:+8.83%
SHORT MEXC Β· now
+5.70%
3d avg:+3.40%
Entry Spread Now
β0.016%
Against youL ask 85,941 Β· S bid 85,927.3β$1.59 at entry
24h range β0.19%β¦+0.11% Β· median β0.02%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.020%
Loading Funding Historyβ¦
βTotal PnL
β$18.11
β0.18%
$Avg Daily PnL
β$1.66
β0.0166%
β
Best Day
β$0.21
Oct 5
βOpen Interest
Hyperliquid$1.62B
MEXC$4.92Bβ‘Funding APR
β6.06%
annualized Β· funding only
β Execution Cost
β$13.13
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$2.08BMEXC$2.89BLoading 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$13.13 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.