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updated 9:00:06 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.00%
3d Period Avg+34.82%
swing±7.95%
LONG Lighter · now
−2.63%
3d avg:−0.89%
SHORT Reya · nowADARUSDPERP
+28.37%
3d avg:+33.93%
Entry Spread Now
+0.135%
In your favorL 0.1943 · S 0.1945+$13.46 if it converges
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
+$12.21
+0.12%
$Avg Daily PnL
+$7.15
+0.0715%
★Best Day
+$9.59
Sep 1
◎Open Interest
Lighter$1.90M
Reya$3.1K⚡Funding APR
+26.10%
annualized · funding only
⚠Execution Cost
−$16.39
entry + exit fees
⏱Payback
2.3d
to break even
◧24h Volume
Lighter$235.0KReya$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 (−$16.39 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.