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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 ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+51.70%
30d Period Avg+4.32%
swing±20.07%
LONG Hotcoin · now
+0.02%
30d avg:+10.22%
SHORT Lighter · now
+51.72%
30d avg:+14.54%
Entry Spread Now
+0.150%
In your favorL 0.004330 · S 0.004336+$15.01 if it converges
24h range −0.60%…+0.37% · median +0.12%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$23.48
+0.23%
$Avg Daily PnL
+$1.18
+0.0118%
★Best Day
+$19.41
Sep 22
◎Open Interest
Hotcoin$5.51M
Lighter$1.02M⚡Funding APR
+4.32%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
10.2d
to break even
◧24h Volume
Hotcoin$55.71MLighter$2.43MLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.