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updated —OP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+29.93%
3d Period Avg+8.71%
swing±6.58%
LONG MEXC · now
−21.91%
3d avg:+2.10%
SHORT Hyperliquid · now
+8.01%
3d avg:+10.81%
Entry Spread Now
+0.159%
In your favorL 0.08822 · S 0.08836+$15.87 if it converges
24h range −0.99%…+0.43% · median +0.00%
Long pays every8hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$5.36
−0.05%
$Avg Daily PnL
+$2.55
+0.0255%
★Best Day
+$3.92
Nov 12
◎Open Interest
MEXC$4.91M
Hyperliquid$2.22M⚡Funding APR
+9.29%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
5.1d
to break even
◧24h Volume
MEXC$4.02MHyperliquid$725.8KLoading 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.