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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 ~26d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.82%
3d Period Avg+0.14%
swing±0.69%
LONG MEXC · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+12.78%
3d avg:+11.10%
Entry Spread Now
+0.112%
In your favorL 0.2495 · S 0.2498+$11.22 if it converges
24h range −0.68%…+1.64% · median +0.14%
Long pays every4hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$12.89
−0.13%
$Avg Daily PnL
+$0.04
+0.0004%
★Best Day
+$0.38
Sep 28
◎Open Interest
MEXC$20.64M
Hyperliquid$3.72M⚡Funding APR
+0.14%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
11.7mo
to break even
◧24h Volume
MEXC$5.09MHyperliquid$1.82MLoading 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.