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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 ~2.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.66%
7d Period Avg+25.22%
swing±32.06%
LONG BingX · now
+10.96%
7d avg:+4.41%
SHORT Hyperliquid · now
+37.62%
7d avg:+29.63%
Entry Spread Now
+0.260%
In your favorL 0.6892 · S 0.6910+$25.97 if it converges
24h range −0.27%…+0.56% · median +0.22%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$28.47
+0.28%
$Avg Daily PnL
+$6.78
+0.0678%
★Best Day
+$14.50
Sep 26
◎Open Interest
BingX$954.9K
Hyperliquid$3.82M⚡Funding APR
+24.75%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
BingX$2.65MHyperliquid$788.0KLoading 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.