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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%
7d Period Avg+83.84%
swing±61.59%
LONG Gate.io · now
+10.96%
7d avg:+39.35%
SHORT Lighter · now
+10.52%
7d avg:+123.19%
Entry Spread Now
−0.266%
Against youL 0.1692 · S 0.1687−$26.60 if it converges
24h range −0.85%…+1.46% · median +0.00%
Long pays every4hShort pays every1h
LONGmaker-0.010%/taker0.075%SHORTmaker0%/taker0%
Limited funding history — chart clipped to available data
- Lighter (Short): data starts Sep 26, 2026 (2d available out of 7d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 100%, short 24% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$7.08
+0.07%
$Avg Daily PnL
+$3.15
+0.0315%
★Best Day
+$19.84
Sep 27
◎Open Interest
Gate.io$1.85M
Lighter$1.52M⚡Funding APR
+11.51%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
Gate.io$1.08MLighter$749.4KLoading 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.