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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
+30.02%
7d Period Avg+8.82%
swing±5.27%
LONG MEXC · now
−19.07%
7d avg:+2.04%
SHORT Hyperliquid · now
+10.96%
7d avg:+10.86%
Entry Spread Now
−0.193%
Against youL 0.08820 · S 0.08803−$19.27 if it converges
24h range −0.99%…+0.43% · median −0.01%
Long pays every8hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$4.50
+0.05%
$Avg Daily PnL
+$2.50
+0.0250%
★Best Day
+$3.92
Nov 12
◎Open Interest
MEXC$4.90M
Hyperliquid$2.21M⚡Funding APR
+9.13%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
MEXC$4.09MHyperliquid$731.0KLoading 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.