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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 ~3.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+23.48%
7d Period Avg+14.22%
swing±39.35%
LONG Lighter · now
−41.20%
7d avg:−19.20%
SHORT Variational · now
−17.72%
7d avg:−4.98%
Entry Spread Now
−0.839%
Against youL ask 8.0879 · S bid 8.0201−$83.88 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
+$7.69
+0.08%
$Avg Daily PnL
+$4.37
+0.0437%
★Best Day
+$15.57
Nov 11
◎Open Interest
Lighter$2.90M
Variational$1.86M⚡Funding APR
+15.96%
annualized · funding only
⚠Execution Cost
−$22.92
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
Lighter$683.5KVariational$957.1KLoading 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 (−$22.92 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.