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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.83%
7d Period Avg+18.62%
swing±15.50%
LONG BingX · now
+1.97%
7d avg:+5.57%
SHORT Hotcoin · now
+1.15%
7d avg:+24.19%
Entry Spread Now
+0.058%
Eaten by executionL 120.8700 · S 120.9400+$5.79 if it converges
24h range −0.34%…+0.16% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$13.69
+0.14%
$Avg Daily PnL
+$5.10
+0.0510%
★Best Day
+$10.92
Sep 27
◎Open Interest
BingX$983.6K
Hotcoin$1.91M⚡Funding APR
+18.61%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
BingX$2.81MHotcoin$2.70MLoading 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.