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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 ~0.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+221.90%
7d Period Avg+25.13%
swing±59.70%
LONG Hyperliquid · now
−2224.05%
7d avg:−23.42%
SHORT MEXC · now
−2002.15%
7d avg:+1.71%
Entry Spread Now
−0.757%
Against youL 0.02641 · S 0.02621−$75.73 if it converges
24h range −2.88%…+1.50% · median −0.03%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
+$40.08
+0.40%
$Avg Daily PnL
+$7.58
+0.0758%
★Best Day
+$17.60
Sep 21
◎Open Interest
Hyperliquid$609.1K
MEXC$3.93M⚡Funding APR
+27.68%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
Hyperliquid$2.36MMEXC$3.15MLoading 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.