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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 ~4.9d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+32.00%
3d Period Avg+25.37%
swing±58.28%
LONG Hyperliquid · now
+10.96%
3d avg:+115.18%
SHORT BingX · now
+42.95%
3d avg:+140.55%
Entry Spread Now
−0.305%
Against youL 0.1729 · S 0.1724−$30.48 if it converges
24h range −0.90%…+1.42% · median −0.04%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.68
−0.19%
$Avg Daily PnL
+$8.21
+0.0821%
★Best Day
+$23.18
Sep 27
◎Open Interest
⚡Funding APR
+29.98%
annualized · funding only
⚠Execution Cost
−$43.32
entry + exit fees
⏱Payback
5.3d
to break even
◧24h Volume
Loading 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 (−$43.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.