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updated —ADA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.84%
7d Period Avg+6.36%
swing±13.24%
LONG Lighter · now
−8.77%
7d avg:−0.29%
SHORT Variational · now
−10.60%
7d avg:+6.07%
Entry Spread Now
−0.110%
Against youL 0.1637 · S 0.1636−$10.99 if it converges
24h range −0.44%…+0.36% · median −0.04%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$8.63
+0.09%
$Avg Daily PnL
+$1.23
+0.0123%
★Best Day
+$4.54
Nov 8
◎Open Interest
Lighter$1.46M
Variational$2.68M⚡Funding APR
+4.50%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$124.3KVariational$386.0KLoading 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.