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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
−156.91%
7d Period Avg+16.33%
swing±24.99%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Lighter · now
−156.91%
7d avg:+16.33%
Entry Spread Now
−0.066%
Against youL 88.7900 · S 88.7310−$6.64 if it converges
24h range −0.20%…+0.10% · median −0.04%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$19.30
+0.19%
$Avg Daily PnL
+$4.47
+0.0447%
★Best Day
+$8.94
Sep 21
◎Open Interest
⚡Funding APR
+16.32%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
2.7d
to break even
◧24h Volume
Loading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.