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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
+5.48%
7d Period Avg+5.10%
swing±0.81%
LONG Lighter · now
+0.00%
7d avg:+0.38%
SHORT Variational · now
+5.48%
7d avg:+5.48%
Entry Spread Now
−4.506%
Against youL 2,131.5 · S 2,035.46−$450.60 if it converges
24h range −4.61%…−3.89% · median −4.09%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$10.18
+0.10%
$Avg Daily PnL
+$1.45
+0.0145%
★Best Day
+$1.51
Sep 26
◎Open Interest
Lighter$1.84M
Variational$2.50M⚡Funding APR
+5.31%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$427.2KVariational$595.2KLoading 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.