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updated 7:18:32 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+33.89%
1d Period Avg+33.14%
swing±5.97%
LONG Lighter · now
−5.26%
1d avg:−2.85%
SHORT Reya · nowADARUSDPERP
+28.64%
1d avg:+30.29%
Entry Spread Now
−0.020%
NeutralL 0.1974 · S 0.1974
24h range −0.16%…+0.11% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$6.31
−0.06%
$Avg Daily PnL
+$4.54
+0.0454%
★Best Day
+$6.22
Sep 1
◎Open Interest
Lighter$1.93M
Reya$3.1K⚡Funding APR
+16.56%
annualized · funding only
⚠Execution Cost
−$15.38
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Lighter$239.6KReya$0Loading 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 (−$15.38 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.