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updated —1000PEPE Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+18.72%
3d Period Avg+56.03%
swing±89.09%
LONG Lighter · now
+10.52%
3d avg:+2.20%
SHORT Backpack · nowkPEPE_USDC_PERP
+29.24%
3d avg:+58.23%
Entry Spread Now
+0.104%
In your favorL 0.004927 · S 0.004932+$10.35 if it converges
24h range −0.55%…+0.16% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$36.01
+0.36%
$Avg Daily PnL
+$15.34
+0.1534%
★Best Day
+$36.67
Oct 30
◎Open Interest
Lighter$742.1K
Backpack$156.7K⚡Funding APR
+55.98%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
15.6h
to break even
◧24h Volume
Lighter$549.6KBackpack$107.1KLoading 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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.