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updated —BTC 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
−7.37%
3d Period Avg−3.72%
swing±7.94%
LONG Lighter · now
+10.52%
3d avg:+10.32%
SHORT BULK · now
+3.15%
3d avg:+6.60%
Entry Spread Now
−0.117%
Against youL ask 77,564.9 · S bid 77,474.34−$11.68 at entry
24h range −0.79%…+0.33% · median −0.12%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0.035%
Loading Funding History…
↗Total PnL
−$10.52
−0.11%
$Avg Daily PnL
−$1.02
−0.0102%
★Best Day
+$0.15
Oct 29
◎Open Interest
Lighter$160.90M
BULK$4.18M⚡Funding APR
−3.72%
annualized · funding only
⚠Execution Cost
−$7.46
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$711.53MBULK$11.29MLoading 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 (−$7.46 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.