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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
−0.44%
3d Period Avg+25.48%
swing±26.56%
LONG grvt · nowKPEPE_USDT_Perp
+10.96%
3d avg:+10.96%
SHORT Lighter · now
+10.52%
3d avg:+36.44%
Entry Spread Now
+0.069%
Eaten by executionL 0.004342 · S 0.004345+$6.91 if it converges
24h range −0.34%…+0.54% · median +0.13%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$12.00
−0.12%
$Avg Daily PnL
+$6.36
+0.0636%
★Best Day
+$10.85
Sep 26
◎Open Interest
grvt$1.01M
Lighter$1.32M⚡Funding APR
+23.20%
annualized · funding only
⚠Execution Cost
−$31.07
entry + exit fees
⏱Payback
4.9d
to break even
◧24h Volume
grvt$2.88MLighter$384.6KLoading 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 (−$31.07 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.