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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 ~6.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+21.78%
3d Period Avg+41.44%
swing±54.04%
LONG Lighter · now
−33.31%
3d avg:−42.95%
SHORT Phemex · now
−11.53%
3d avg:−1.51%
Entry Spread Now
−1.235%
Against youL ask 8.0879 · S bid 7.9880−$123.52 at entry
24h range −0.25%…+0.37% · median +0.05%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$2.62
−0.03%
$Avg Daily PnL
+$11.44
+0.1144%
★Best Day
+$16.50
Nov 11
◎Open Interest
Lighter$2.89M
Phemex$23.46M⚡Funding APR
+41.75%
annualized · funding only
⚠Execution Cost
−$36.94
entry + exit fees
⏱Payback
3.2d
to break even
◧24h Volume
Lighter$686.7KPhemex$3.86MLoading 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 (−$36.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.