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updated —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
+0.00%
7d Period Avg+40.40%
swing±53.41%
LONG MEXC · now
+10.96%
7d avg:+11.11%
SHORT Hyperliquid · now
+10.96%
7d avg:+51.51%
Entry Spread Now
+0.124%
In your favorL 0.6446 · S 0.6454+$12.41 if it converges
24h range −2.02%…+1.28% · median +0.11%
Long pays every4hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$64.42
+0.64%
$Avg Daily PnL
+$11.06
+0.1106%
★Best Day
+$20.22
Sep 26
◎Open Interest
MEXC$2.57M
Hyperliquid$16.20M⚡Funding APR
+40.37%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
MEXC$6.04MHyperliquid$11.38MLoading 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.