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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 ~14d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.69%
3d Period Avg+7.32%
swing±2.34%
LONG Pionex · nowBTC_USDT_PERP
+4.32%
3d avg:+3.01%
SHORT Lighter · now
+7.01%
3d avg:+10.33%
Entry Spread Now
−0.013%
Against youL ask 84,197.7 · S bid 84,186.3−$1.35 at entry
24h range −0.06%…+0.07% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$3.94
−0.04%
$Avg Daily PnL
+$2.03
+0.0203%
★Best Day
+$2.50
Sep 25
◎Open Interest
Pionex$103.20M
Lighter$181.10M⚡Funding APR
+7.40%
annualized · funding only
⚠Execution Cost
−$10.02
entry + exit fees
⏱Payback
4.9d
to break even
◧24h Volume
Pionex$2.71BLighter$388.20MLoading 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 (−$10.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.