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updated 12:55:33 PMFunding 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
−25.64%
3d Period Avg−50.66%
swing±51.61%
LONG Hyperliquid · now
+10.96%
3d avg:−47.47%
SHORT BingX · now
−14.68%
3d avg:−98.13%
Entry Spread Now
−0.091%
Eaten by executionL 0.006610 · S 0.006604−$9.08 if it converges
24h range −1.20%…+1.85% · median −0.11%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$66.27
−0.66%
$Avg Daily PnL
−$11.82
−0.1182%
★Best Day
−$0.37
Sep 12
◎Open Interest
Hyperliquid$1.63M
BingX$1.13M⚡Funding APR
−43.13%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$1.87MBingX$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.