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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 ~6.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.09%
7d Period Avg+6.35%
swing±3.26%
LONG Pionex · nowBTC_USDT_PERP
+3.55%
7d avg:+4.09%
SHORT Lighter · now
+9.64%
7d avg:+10.44%
Entry Spread Now
+0.031%
In your favorL ask 84,200.3 · S bid 84,226.1+$3.06 at entry
24h range −0.06%…+0.08% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$1.17
+0.01%
$Avg Daily PnL
+$1.74
+0.0174%
★Best Day
+$2.49
Sep 23
◎Open Interest
Pionex$114.18M
Lighter$173.27M⚡Funding APR
+6.35%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Pionex$2.51BLighter$342.21MLoading 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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.