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updated —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
−0.88%
3d Period Avg−24.68%
swing±58.18%
LONG Lighter · now
+10.52%
3d avg:+75.10%
SHORT N1 · now
+9.64%
3d avg:+50.42%
Entry Spread Now
−0.066%
Against youL 0.6705 · S 0.6701−$6.56 if it converges
24h range −0.90%…+0.64% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$30.27
−0.30%
$Avg Daily PnL
−$5.07
−0.0507%
★Best Day
+$2.01
Sep 23
◎Open Interest
Lighter$1.18M
N1$2.5K⚡Funding APR
−18.50%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$748.4KN1$2.3KLoading 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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.