← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+51.72%
3d Period Avg+53.92%
swing±9.13%
LONG Lighter · now
−3.51%
3d avg:+5.64%
SHORT Coinbase International · nowAVAX-PERP
+48.21%
3d avg:+59.56%
Entry Spread Now
+0.050%
In your favorL ask 10.8786 · S bid 10.8840+$4.96 at entry
24h range +0.04%…+0.36% · median +0.21%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$14.58
+0.15%
$Avg Daily PnL
+$14.76
+0.1476%
★Best Day
+$15.59
Sep 26
◎Open Interest
Lighter$1.18M
Coinbase International$890.7K⚡Funding APR
+53.89%
annualized · funding only
⚠Execution Cost
−$29.71
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Lighter$703.3KCoinbase International$1.99MLoading 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 (−$29.71 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.