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updated —AVAX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~34d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.07%
3d Period Avg+45.17%
swing±50.91%
LONG Lighter · now
−14.03%
3d avg:−42.95%
SHORT BingX · now
−10.96%
3d avg:+2.22%
Entry Spread Now
−0.889%
Against youL ask 8.0879 · S bid 8.0160−$88.90 at entry
24h range −0.34%…+0.21% · median +0.03%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$8.34
+0.08%
$Avg Daily PnL
+$12.21
+0.1221%
★Best Day
+$15.06
Nov 11
◎Open Interest
Lighter$2.90M
BingX$17.46M⚡Funding APR
+44.57%
annualized · funding only
⚠Execution Cost
−$28.29
entry + exit fees
⏱Payback
2.3d
to break even
◧24h Volume
Lighter$685.8KBingX$21.82MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$28.29 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.