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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 ~11d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.23%
30d Period Avg+7.05%
swing±20.66%
LONG BingX · now
+3.73%
30d avg:−6.03%
SHORT Hotcoin · now
+10.96%
30d avg:+1.02%
Entry Spread Now
−0.022%
Eaten by executionL 0.1336 · S 0.1336−$2.25 if it converges
24h range −0.45%…+0.23% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$35.87
+0.36%
$Avg Daily PnL
+$1.93
+0.0193%
★Best Day
+$11.37
Sep 23
◎Open Interest
BingX$2.00M
Hotcoin$421.5K⚡Funding APR
+7.04%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
11.4d
to break even
◧24h Volume
BingX$2.33MHotcoin$3.12MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.