← Back to Screener
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
+5.48%
3d Period Avg+5.38%
swing±0.53%
LONG Lighter · now
+0.00%
3d avg:+0.10%
SHORT Variational · now
+5.48%
3d avg:+5.48%
Entry Spread Now
−4.540%
Against youL 2,131.2 · S 2,034.45−$453.99 if it converges
24h range −4.61%…−3.89% · median −4.11%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$4.34
+0.04%
$Avg Daily PnL
+$1.45
+0.0145%
★Best Day
+$1.48
Sep 29
◎Open Interest
Lighter$1.84M
Variational$2.51M⚡Funding APR
+5.28%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$342.9KVariational$559.4KLoading 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.