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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
+0.00%
7d Period Avg+42.45%
swing±54.01%
LONG BingX · now
+10.96%
7d avg:+17.85%
SHORT Hyperliquid · now
+10.96%
7d avg:+60.30%
Entry Spread Now
+0.065%
Eaten by executionL 0.004613 · S 0.004616+$6.50 if it converges
24h range −1.09%…+1.38% · median +0.13%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$60.90
+0.61%
$Avg Daily PnL
+$11.41
+0.1141%
★Best Day
+$28.16
Sep 26
◎Open Interest
BingX$2.12M
Hyperliquid$944.4K⚡Funding APR
+41.66%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
BingX$6.67MHyperliquid$800.9KLoading 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.