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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+81.84%
swing±62.21%
LONG Gate.io · now
+10.96%
3d avg:+38.67%
SHORT Lighter · now
+10.52%
3d avg:+120.51%
Entry Spread Now
+1.148%
In your favorL 0.1724 · S 0.1744+$114.83 if it converges
24h range −0.85%…+1.46% · median −0.02%
Long pays every4hShort pays every1h
LONGmaker-0.010%/taker0.075%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$19.20
+0.19%
$Avg Daily PnL
+$11.40
+0.1140%
★Best Day
+$19.84
Sep 27
◎Open Interest
Gate.io$1.81M
Lighter$1.57M⚡Funding APR
+41.61%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
1.3d
to break even
◧24h Volume
Gate.io$1.16MLighter$861.6KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$15.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.