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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 ~5.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.96%
3d Period Avg+35.73%
swing±52.51%
LONG Lighter · now
−33.31%
3d avg:−42.95%
SHORT Variational · now
−17.35%
3d avg:−7.22%
Entry Spread Now
−0.978%
Against youL ask 8.0879 · S bid 8.0088−$97.83 at entry
24h range −0.53%…+0.36% · median −0.06%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$7.04
+0.07%
$Avg Daily PnL
+$9.88
+0.0988%
★Best Day
+$15.55
Nov 11
◎Open Interest
Lighter$2.90M
Variational$1.91M⚡Funding APR
+36.05%
annualized · funding only
⚠Execution Cost
−$22.59
entry + exit fees
⏱Payback
2.3d
to break even
◧24h Volume
Lighter$684.8KVariational$1.00MLoading 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 (−$22.59 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.