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updated 7:22:41 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+185.26%
3d Period Avg−24.35%
LONG trade[XYZ] · nowxyz:SKHX
−348.75%
3d avg:+39.25%
SHORT MEXC · nowSKHYNIXSTOCK_USDT
−163.49%
3d avg:+14.90%
Entry Spread Now
+0.169%
In your favorL ask 1,210.5 · S bid 1,212.55+$16.94 at entry
24h range −0.17%…+0.71% · median +0.15%
Long pays every1hShort pays every4h
LONGmaker0.030%/taker0.090%SHORTmaker0%/taker0.010%
Loading Funding History…
↗Total PnL
−$26.62
−0.27%
$Avg Daily PnL
−$1.24
−0.0124%
★Best Day
−$0.18
Aug 16
◎Open Interest
![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ]$519.51M
MEXC$35.64M⚡Funding APR
−4.53%
annualized · funding only
⚠Execution Cost
−$21.66
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
trade[XYZ]$233.06MMEXC$239.55MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$21.66 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.