← Back to Screener
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
+1.95%
7d Period Avg+28.92%
swing±32.50%
LONG Variational · now
+8.57%
7d avg:+9.70%
SHORT Lighter · now
+10.52%
7d avg:+38.62%
Entry Spread Now
+0.174%
In your favorL 0.004317 · S 0.004324+$17.38 if it converges
24h range −0.07%…+0.61% · median +0.20%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$55.43
+0.55%
$Avg Daily PnL
+$7.92
+0.0792%
★Best Day
+$13.21
Sep 22
◎Open Interest
Variational$524.7K
Lighter$1.31M⚡Funding APR
+28.90%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$369.4KLighter$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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.