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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+65.74%
7d Period Avg+33.70%
swing±21.83%
LONG Lighter · now
−12.27%
7d avg:+6.37%
SHORT Coinbase International · nowAVAX-PERP
+53.47%
7d avg:+40.07%
Entry Spread Now
+0.096%
In your favorL ask 10.7907 · S bid 10.8010+$9.55 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
+$35.50
+0.36%
$Avg Daily PnL
+$9.23
+0.0923%
★Best Day
+$15.59
Sep 26
◎Open Interest
Lighter$1.17M
Coinbase International$907.6K⚡Funding APR
+33.67%
annualized · funding only
⚠Execution Cost
−$29.08
entry + exit fees
⏱Payback
3.1d
to break even
◧24h Volume
Lighter$688.0KCoinbase International$1.95MLoading 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 (−$29.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.