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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 ~0.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+67.53%
30d Period Avg−12.51%
swing±83.58%
LONG Crypto.com · nowAXSUSD-PERP
−19.32%
30d avg:+24.33%
SHORT Lighter · now
+48.21%
30d avg:+11.82%
Entry Spread Now
+0.151%
In your favorL 1.1630 · S 1.1648+$15.13 if it converges
24h range −0.16%…+0.63% · median +0.20%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$112.74
−1.13%
$Avg Daily PnL
−$3.42
−0.0342%
★Best Day
+$30.54
Sep 1
◎Open Interest
⚡Funding APR
−12.50%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.