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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 ~5.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+24.51%
7d Period Avg+18.97%
swing±40.84%
LONG Lighter · now
−37.69%
7d avg:−19.20%
SHORT Phemex · now
−13.19%
7d avg:−0.23%
Entry Spread Now
−0.815%
Against youL ask 8.0879 · S bid 8.0220−$81.48 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
+$5.67
+0.0567%
★Best Day
+$16.92
Nov 11
◎Open Interest
Lighter$2.90M
Phemex$23.55M⚡Funding APR
+20.68%
annualized · funding only
⚠Execution Cost
−$37.05
entry + exit fees
⏱Payback
6.5d
to break even
◧24h Volume
Lighter$684.4KPhemex$3.87MLoading 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 (−$37.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.