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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 ~5.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.29%
3d Period Avg+20.52%
swing±14.74%
LONG Bybit · now
+4.49%
3d avg:+2.23%
SHORT Lighter · now
+15.78%
3d avg:+22.75%
Entry Spread Now
+0.116%
In your favorL 0.004319 · S 0.004324+$11.58 if it converges
24h range +0.05%…+0.21% · median +0.14%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$1.74
+0.02%
$Avg Daily PnL
+$5.92
+0.0592%
★Best Day
+$6.45
Sep 28
◎Open Interest
Bybit$67.33M
Lighter$1.26M⚡Funding APR
+21.61%
annualized · funding only
⚠Execution Cost
−$16.03
entry + exit fees
⏱Payback
2.7d
to break even
◧24h Volume
Bybit$62.15MLighter$1.14MLoading 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 (−$16.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.