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updated 9:29:18 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+65.02%
1d Period Avg+30.13%
LONG Hyperliquid · now
−54.07%
1d avg:−19.17%
SHORT BingX · now
+10.96%
1d avg:+10.96%
Entry Spread Now
+0.046%
Eaten by executionL 0.1964 · S 0.1965+$4.58 if it converges
24h range −0.22%…+0.39% · median +0.03%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$10.12
−0.10%
$Avg Daily PnL
+$4.44
+0.0444%
★Best Day
+$9.13
Aug 17
◎Open Interest
Hyperliquid$702.7K
BingX$1.96M⚡Funding APR
+16.20%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Hyperliquid$190.8KBingX$2.29MLoading 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.