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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−4.32%
3d Period Avg+0.50%
swing±6.19%
LONG Hyperliquid · now
+5.85%
3d avg:+4.90%
SHORT BingX · now
+1.53%
3d avg:+5.40%
Entry Spread Now
+0.004%
NeutralL ask 83,221 · S bid 83,224
24h range −0.13%…+0.13% · median −0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.23
−0.18%
$Avg Daily PnL
+$0.31
+0.0031%
★Best Day
+$1.00
Oct 11
◎Open Interest
Hyperliquid$3.17B
BingX$765.97M⚡Funding APR
+1.13%
annualized · funding only
⚠Execution Cost
−$19.16
entry + exit fees
⏱Payback
2.1mo
to break even
◧24h Volume
Hyperliquid$2.85BBingX$874.68MLoading 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 (−$19.16 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.