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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−29.12%
swing±38.83%
LONG BingX · now
+7.67%
3d avg:+66.68%
SHORT Hotcoin · now
+10.96%
3d avg:+37.56%
Entry Spread Now
+1.094%
In your favorL 0.01919 · S 0.01940+$109.43 if it converges
24h range −0.23%…+0.34% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$45.92
−0.46%
$Avg Daily PnL
−$7.97
−0.0797%
★Best Day
+$0.30
Oct 1
◎Open Interest
BingX$447.8K
Hotcoin$86.8K⚡Funding APR
−29.10%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
BingX$6.53MHotcoin$562.8KLoading 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.