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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+78.76%
swing±73.15%
LONG Variational · now
+10.96%
3d avg:+41.75%
SHORT Lighter · now
+10.52%
3d avg:+120.51%
Entry Spread Now
−0.263%
Against youL 0.1784 · S 0.1780−$26.34 if it converges
24h range −1.23%…+0.67% · median −0.03%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$10.39
−0.10%
$Avg Daily PnL
−$3.46
−0.0346%
★Best Day
+$20.49
Sep 27
◎Open Interest
Variational$1.55M
Lighter$1.60M⚡Funding APR
−12.64%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$805.3KLighter$788.2KLoading 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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.