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updated —IO Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~52d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.91%
3d Period Avg+1.73%
swing±4.18%
LONG Hyperliquid · now
+10.04%
3d avg:+2.65%
SHORT MEXC · now
+10.96%
3d avg:+4.38%
Entry Spread Now
−0.056%
Eaten by executionL 0.1067 · S 0.1066−$5.63 if it converges
24h range −0.39%…+0.51% · median +0.02%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
−$12.76
−0.13%
$Avg Daily PnL
+$0.08
+0.0008%
★Best Day
+$0.10
Nov 11
◎Open Interest
Hyperliquid$460.7K
MEXC$607.8K⚡Funding APR
+0.29%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
5.5mo
to break even
◧24h Volume
Hyperliquid$165.8KMEXC$201.2KLoading 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 (−$13.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.