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updated 11:21:59 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−16.11%
1d Period Avg−71.94%
swing±50.05%
LONG Hyperliquid · now
−252.56%
1d avg:−11.29%
SHORT BingX · now
−268.68%
1d avg:−83.23%
Entry Spread Now
−0.915%
Against youL 0.006667 · S 0.006606−$91.50 if it converges
24h range −1.20%…+1.85% · median −0.12%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$39.13
−0.39%
$Avg Daily PnL
−$10.07
−0.1007%
★Best Day
−$8.63
Sep 14
◎Open Interest
Hyperliquid$1.64M
BingX$1.14M⚡Funding APR
−36.74%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$1.86MBingX$1.34MLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.