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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 ~176d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.29%
30d Period Avg−21.08%
swing±77.73%
LONG BingX · now
+7.67%
30d avg:+32.04%
SHORT Hotcoin · now
+10.96%
30d avg:+10.96%
Entry Spread Now
−0.065%
Eaten by executionL 0.1533 · S 0.1532−$6.52 if it converges
24h range −0.19%…+0.13% · median −0.12%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$331.69
−3.32%
$Avg Daily PnL
−$5.77
−0.0577%
★Best Day
+$23.39
Sep 30
◎Open Interest
⚡Funding APR
−21.07%
annualized · funding only
⚠Execution Cost
−$158.53
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$158.53 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.