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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+24.12%
swing±36.31%
LONG MEXC · now
+10.96%
7d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
7d avg:+35.08%
Entry Spread Now
+0.114%
Eaten by executionL 0.3587 · S 0.3591+$11.43 if it converges
24h range −0.34%…+0.83% · median +0.15%
Long pays every4hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$17.40
+0.17%
$Avg Daily PnL
+$6.60
+0.0660%
★Best Day
+$16.41
Sep 23
◎Open Interest
⚡Funding APR
+24.11%
annualized · funding only
⚠Execution Cost
−$28.83
entry + exit fees
⏱Payback
4.4d
to break even
◧24h Volume
Loading 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 (−$28.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.