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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+40.98%
30d Period Avg+39.50%
swing±79.26%
LONG MEXC · now
−30.02%
30d avg:−1.25%
SHORT Hyperliquid · now
+10.96%
30d avg:+38.25%
Entry Spread Now
+2.466%
In your favorL 0.1541 · S 0.1579+$246.59 if it converges
24h range −0.56%…+3.26% · median +1.63%
Long pays every4hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$311.46
+3.11%
$Avg Daily PnL
+$10.82
+0.1082%
★Best Day
+$39.79
Sep 23
◎Open Interest
MEXC$29.2K
Hyperliquid$9.42M⚡Funding APR
+39.48%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
MEXC$93.4KHyperliquid$2.46MLoading 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.