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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−6.14%
7d Period Avg+1.93%
swing±7.61%
LONG Pionex · nowBNB_USDT_PERP
+0.00%
7d avg:+4.37%
SHORT Lighter · now
−6.14%
7d avg:+6.30%
Entry Spread Now
−0.108%
Against youL ask 775.5900 · S bid 774.7492−$10.84 at entry
24h range −0.19%…−0.03% · median −0.11%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$9.44
−0.09%
$Avg Daily PnL
+$0.53
+0.0053%
★Best Day
+$2.50
Sep 23
◎Open Interest
Pionex$2.18M
Lighter$3.30M⚡Funding APR
+1.93%
annualized · funding only
⚠Execution Cost
−$13.14
entry + exit fees
⏱Payback
24.9d
to break even
◧24h Volume
Pionex$5.50MLighter$1.07MLoading 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 (−$13.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.