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updated —CHIP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.67%
3d Period Avg+6.82%
swing±5.96%
LONG MEXC · now
−20.38%
3d avg:+2.75%
SHORT Hyperliquid · now
−0.71%
3d avg:+9.57%
Entry Spread Now
+0.094%
In your favorL 0.02994 · S 0.02997+$9.35 if it converges
24h range −0.90%…+0.96% · median +0.03%
Long pays every4hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$7.40
−0.07%
$Avg Daily PnL
+$1.87
+0.0187%
★Best Day
+$2.54
Nov 12
◎Open Interest
MEXC$1.06M
Hyperliquid$5.76M⚡Funding APR
+6.82%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
7.0d
to break even
◧24h Volume
MEXC$370.5KHyperliquid$788.5KLoading 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.