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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.78%
30d Period Avg−42.01%
swing±43.79%
LONG Lighter · now
+10.52%
30d avg:+18.39%
SHORT N1 · now
+26.30%
30d avg:−23.62%
Entry Spread Now
−0.033%
Eaten by executionL 0.6646 · S 0.6644−$3.31 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
−$350.40
−3.50%
$Avg Daily PnL
−$11.35
−0.1135%
★Best Day
+$6.35
Sep 7
◎Open Interest
Lighter$1.16M
N1$2.4K⚡Funding APR
−41.42%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$819.0KN1$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.