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updated —NIL 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+6.87%
swing±17.08%
LONG Hyperliquid · now
+10.96%
7d avg:−2.11%
SHORT MEXC · now
+10.96%
7d avg:+4.76%
Entry Spread Now
+0.031%
Eaten by executionL 0.05224 · S 0.05226+$3.06 if it converges
24h range −0.62%…+0.62% · median −0.05%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
−$1.84
−0.02%
$Avg Daily PnL
+$1.59
+0.0159%
★Best Day
+$4.16
Nov 10
◎Open Interest
Hyperliquid$1.60M
MEXC$4.62M⚡Funding APR
+5.82%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
Hyperliquid$168.1KMEXC$641.1KLoading 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.