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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.5d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+29.59%
3d Period Avg+17.53%
swing±67.43%
LONG Hyperliquid · now
+10.96%
3d avg:+115.18%
SHORT MEXC · now
+40.54%
3d avg:+132.71%
Entry Spread Now
+0.028%
Eaten by executionL 0.1767 · S 0.1767+$2.83 if it converges
24h range −1.04%…+1.02% · median −0.02%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
−$34.73
−0.35%
$Avg Daily PnL
+$6.07
+0.0607%
★Best Day
+$24.44
Sep 27
◎Open Interest
Hyperliquid$22.42M
MEXC$10.40M⚡Funding APR
+22.14%
annualized · funding only
⚠Execution Cost
−$52.93
entry + exit fees
⏱Payback
8.7d
to break even
◧24h Volume
Hyperliquid$8.28MMEXC$259.2KLoading 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 (−$52.93 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.