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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 ~3.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.50%
3d Period Avg+10.28%
swing±5.49%
LONG Variational · now
−5.98%
3d avg:+0.24%
SHORT Lighter · now
+10.52%
3d avg:+10.52%
Entry Spread Now
+0.195%
In your favorL 163.3650 · S 163.6830+$19.47 if it converges
24h range −0.24%…+0.68% · median +0.15%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.87
−0.06%
$Avg Daily PnL
+$2.86
+0.0286%
★Best Day
+$3.24
Sep 30
◎Open Interest
Variational$4.47M
Lighter$4.55M⚡Funding APR
+10.45%
annualized · funding only
⚠Execution Cost
−$14.46
entry + exit fees
⏱Payback
5.0d
to break even
◧24h Volume
Variational$3.83MLighter$952.6KLoading 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 (−$14.46 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.