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updated —S 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
−14.96%
7d Period Avg+24.34%
swing±41.41%
LONG Hyperliquid · now
+1.15%
7d avg:−23.48%
SHORT MEXC · now
−13.81%
7d avg:+0.86%
Entry Spread Now
+0.113%
In your favorL 0.03616 · S 0.03620+$11.34 if it converges
24h range −0.78%…+0.77% · median −0.05%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
+$30.09
+0.30%
$Avg Daily PnL
+$6.16
+0.0616%
★Best Day
+$20.19
Nov 8
◎Open Interest
Hyperliquid$1.31M
MEXC$1.89M⚡Funding APR
+22.47%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
Hyperliquid$408.7KMEXC$891.6KLoading 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.