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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 ~2.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+21.57%
7d Period Avg+21.88%
swing±21.45%
LONG Bybit · now
−0.53%
7d avg:+6.15%
SHORT Lighter · now
+21.04%
7d avg:+28.03%
Entry Spread Now
+0.125%
In your favorL 0.004334 · S 0.004339+$12.46 if it converges
24h range +0.02%…+0.21% · median +0.14%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$26.22
+0.26%
$Avg Daily PnL
+$6.02
+0.0602%
★Best Day
+$10.85
Sep 26
◎Open Interest
Bybit$67.56M
Lighter$1.24M⚡Funding APR
+21.98%
annualized · funding only
⚠Execution Cost
−$15.94
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Bybit$62.77MLighter$1.21MLoading 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 (−$15.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.