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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%
7d Period Avg+26.74%
swing±31.96%
LONG grvt · nowKPEPE_USDT_Perp
+10.96%
7d avg:+11.88%
SHORT Lighter · now
+10.52%
7d avg:+38.62%
Entry Spread Now
+0.138%
Eaten by executionL 0.004318 · S 0.004324+$13.80 if it converges
24h range −0.32%…+0.54% · median +0.14%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$20.34
+0.20%
$Avg Daily PnL
+$7.32
+0.0732%
★Best Day
+$11.08
Sep 22
◎Open Interest
grvt$1.01M
Lighter$1.31M⚡Funding APR
+26.72%
annualized · funding only
⚠Execution Cost
−$30.91
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
grvt$2.67MLighter$381.1KLoading 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 (−$30.91 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.