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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 ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+49.97%
7d Period Avg+9.46%
swing±7.46%
LONG Lighter · now
−26.30%
7d avg:+3.62%
SHORT Coinbase International · nowAAPL-PERP
+23.67%
7d avg:+13.08%
Entry Spread Now
+0.041%
In your favorL ask 339.2320 · S bid 339.3700+$4.07 at entry
24h range −0.04%…+0.12% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$0.66
+0.01%
$Avg Daily PnL
+$2.59
+0.0259%
★Best Day
+$4.32
Sep 26
◎Open Interest
Lighter$909.6K
Coinbase International$613.2K⚡Funding APR
+9.45%
annualized · funding only
⚠Execution Cost
−$17.47
entry + exit fees
⏱Payback
6.8d
to break even
◧24h Volume
Lighter$2.10MCoinbase International$1.1KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$17.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.