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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
+26.74%
7d Period Avg+59.11%
swing±66.54%
LONG Variational · now
+10.96%
7d avg:+11.32%
SHORT Lighter · now
+37.69%
7d avg:+70.43%
Entry Spread Now
+0.192%
In your favorL 0.8417 · S 0.8433+$19.25 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
+$113.27
+1.13%
$Avg Daily PnL
+$16.18
+0.1618%
★Best Day
+$35.27
Sep 26
◎Open Interest
Variational$2.44M
Lighter$1.77M⚡Funding APR
+59.06%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$966.6KLighter$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.