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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
−15.88%
7d Period Avg−1.29%
swing±5.76%
LONG Lighter · now
+10.52%
7d avg:+10.33%
SHORT BULK · now
−5.36%
7d avg:+9.04%
Entry Spread Now
−0.727%
Against youL ask 78,076.3 · S bid 77,508.43−$72.73 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
−$10.78
−0.11%
$Avg Daily PnL
−$0.35
−0.0035%
★Best Day
+$0.28
Oct 25
◎Open Interest
Lighter$162.59M
BULK$4.04M⚡Funding APR
−1.29%
annualized · funding only
⚠Execution Cost
−$8.31
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$732.61MBULK$11.09MLoading 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 (−$8.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.