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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%
7d Period Avg+47.26%
swing±40.19%
LONG Lighter · now
+10.52%
7d avg:+10.33%
SHORT Bullet · now
+87.66%
7d avg:+57.59%
Entry Spread Now
+0.151%
In your favorL ask 77,949.2 · S bid 78,067+$15.11 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
+$79.81
+0.80%
$Avg Daily PnL
+$12.94
+0.1294%
★Best Day
+$21.15
Oct 29
◎Open Interest
Lighter$170.96M
Bullet$1.26M⚡Funding APR
+47.23%
annualized · funding only
⚠Execution Cost
−$10.76
entry + exit fees
⏱Payback
19.9h
to break even
◧24h Volume
Lighter$425.67MBullet$3.96MLoading 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 (−$10.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.