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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β1.71%
3d Period Avgβ1.95%
swingΒ±6.61%
LONG TxFlow Β· now
β2.67%
3d avg:+2.73%
SHORT Lighter Β· now
β4.38%
3d avg:+0.78%
Entry Spread Now
β0.163%
Against youL ask 82,866.3 Β· S bid 82,731.4β$16.28 at entry
24h range +0.05%β¦+0.11% Β· median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding Historyβ¦
βTotal PnL
β$10.68
β0.11%
$Avg Daily PnL
β$0.53
β0.0053%
β
Best Day
+$0.38
Oct 10
βOpen Interest
TxFlow$7.26M
Lighter$163.76Mβ‘Funding APR
β1.95%
annualized Β· funding only
β Execution Cost
β$9.08
entry + exit fees
β±Payback
never
to break even
β§24h Volume
TxFlow$61.53MLighter$451.64MLoading Cumulative PnLβ¦
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 (β$9.08 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.