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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 ~1.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+55.46%
30d Period Avg+16.03%
swing±47.08%
LONG BingX · now
+8.77%
30d avg:+9.09%
SHORT Hyperliquid · now
+64.23%
30d avg:+25.12%
Entry Spread Now
+0.225%
In your favorL 0.1111 · S 0.1114+$22.50 if it converges
24h range −1.95%…+3.48% · median +0.20%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$112.46
+1.12%
$Avg Daily PnL
+$4.24
+0.0424%
★Best Day
+$32.50
Sep 22
◎Open Interest
BingX$3.83M
Hyperliquid$6.67M⚡Funding APR
+15.48%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
4.5d
to break even
◧24h Volume
BingX$14.93MHyperliquid$30.48MLoading 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.