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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.45%
3d Period Avg+68.32%
swing±81.71%
LONG Variational · now
+10.96%
3d avg:+11.84%
SHORT Lighter · now
+18.41%
3d avg:+80.16%
Entry Spread Now
−0.020%
Against youL 0.8395 · S 0.8393−$2.03 if it converges
24h range −0.34%…+0.41% · median +0.10%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$53.90
+0.54%
$Avg Daily PnL
+$17.97
+0.1797%
★Best Day
+$35.27
Sep 26
◎Open Interest
Variational$2.44M
Lighter$1.75M⚡Funding APR
+65.58%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$955.8KLighter$1.67MLoading 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.