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updated —POL 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
−5.01%
7d Period Avg+11.51%
swing±15.12%
LONG MEXC · now
−4.16%
7d avg:−6.11%
SHORT Hyperliquid · now
−9.17%
7d avg:+5.40%
Entry Spread Now
−0.012%
NeutralL 0.08312 · S 0.08311
24h range −0.56%…+0.33% · median −0.01%
Long pays every4hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$9.05
+0.09%
$Avg Daily PnL
+$3.15
+0.0315%
★Best Day
+$5.79
Nov 12
◎Open Interest
MEXC$13.58M
Hyperliquid$4.54M⚡Funding APR
+11.50%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
MEXC$616.4KHyperliquid$676.8KLoading 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.