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updated —BRENT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~12d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.12%
3d Period Avg+45.60%
swing±59.42%
LONG Pionex · nowBRENTOIL_USDT_PERP
−0.61%
3d avg:−105.46%
SHORT Lighter · nowBRENTOIL-USDC
+3.51%
3d avg:−59.86%
Entry Spread Now
−0.161%
Against youL ask 93.4800 · S bid 93.3300−$16.05 at entry
24h range −0.21%…+0.10% · median −0.02%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$22.48
+0.22%
$Avg Daily PnL
+$11.90
+0.1190%
★Best Day
+$19.49
Nov 12
◎Open Interest
Pionex$1.49M
Lighter$3.23M⚡Funding APR
+43.42%
annualized · funding only
⚠Execution Cost
−$13.21
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Pionex$1.65MLighter$5.10MLoading 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 (−$13.21 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.