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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 ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+113.09%
3d Period Avg+79.45%
swing±58.32%
LONG BingX · now
+8.77%
3d avg:+8.31%
SHORT Hyperliquid · now
+121.86%
3d avg:+87.76%
Entry Spread Now
+1.319%
In your favorL 0.1107 · S 0.1121+$131.90 if it converges
24h range −1.95%…+3.48% · median +0.19%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$52.94
+0.53%
$Avg Daily PnL
+$17.98
+0.1798%
★Best Day
+$30.74
Sep 22
◎Open Interest
BingX$3.78M
Hyperliquid$6.72M⚡Funding APR
+65.64%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
BingX$14.02MHyperliquid$28.85MLoading 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.