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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.09%
3d Period Avg+28.74%
swing±26.88%
LONG Variational · now
+6.43%
3d avg:+7.70%
SHORT Lighter · now
+10.52%
3d avg:+36.44%
Entry Spread Now
−0.023%
Against youL 0.004348 · S 0.004347−$2.30 if it converges
24h range −0.07%…+0.61% · median +0.19%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$21.85
+0.22%
$Avg Daily PnL
+$7.28
+0.0728%
★Best Day
+$10.85
Sep 26
◎Open Interest
Variational$506.4K
Lighter$1.32M⚡Funding APR
+26.58%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$391.0KLighter$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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.