← Back to Screener
updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+77.14%
3d Period Avg+63.47%
swing±31.26%
LONG Lighter · now
+10.52%
3d avg:+10.36%
SHORT Bullet · now
+87.66%
3d avg:+73.83%
Entry Spread Now
+0.111%
In your favorL ask 77,949.2 · S bid 78,036+$11.14 at entry
24h range −0.04%…+0.07% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
+$41.53
+0.42%
$Avg Daily PnL
+$17.38
+0.1738%
★Best Day
+$20.03
Oct 30
◎Open Interest
Lighter$170.92M
Bullet$1.25M⚡Funding APR
+63.42%
annualized · funding only
⚠Execution Cost
−$10.60
entry + exit fees
⏱Payback
14.6h
to break even
◧24h Volume
Lighter$432.18MBullet$3.95MLoading 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 (−$10.60 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.