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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+13.33%
swing±24.13%
LONG BingX · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
3d avg:+24.29%
Entry Spread Now
−0.022%
Against youL ask 0.004576 · S bid 0.004575−$2.19 at entry
24h range −1.09%…+0.97% · median +0.12%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$79.34
−0.79%
$Avg Daily PnL
+$3.60
+0.0360%
★Best Day
+$5.82
Sep 28
◎Open Interest
⚡Funding APR
+13.14%
annualized · funding only
⚠Execution Cost
−$90.14
entry + exit fees
⏱Payback
25.0d
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 + live L2 orderbook slippage on both legs (−$90.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.