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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 ~24d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.29%
3d Period Avg+47.22%
swing±85.94%
LONG BingX · now
+7.67%
3d avg:−36.26%
SHORT Hotcoin · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.000%
NeutralL 0.1529 · S 0.1529
24h range −0.19%…+0.13% · median −0.07%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$16.78
+0.17%
$Avg Daily PnL
+$12.93
+0.1293%
★Best Day
+$23.39
Sep 30
◎Open Interest
BingX$718.2K
Hotcoin$83.4K⚡Funding APR
+47.18%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
BingX$734.8KHotcoin$69.7KLoading 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.