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updated —S Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.19%
3d Period Avg−1.82%
swing±12.91%
LONG Hyperliquid · now
−22.12%
3d avg:+5.97%
SHORT MEXC · now
−12.93%
3d avg:+4.15%
Entry Spread Now
−0.174%
Against youL 0.03617 · S 0.03611−$17.42 if it converges
24h range −0.78%…+0.77% · median −0.06%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
−$14.62
−0.15%
$Avg Daily PnL
−$0.54
−0.0054%
★Best Day
+$2.47
Nov 13
◎Open Interest
Hyperliquid$1.31M
MEXC$1.84M⚡Funding APR
−1.97%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$407.1KMEXC$850.8KLoading 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.