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updated 4:05:56 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+39.01%
3d Period Avg+6.41%
LONG Hotcoin · now
+10.96%
3d avg:+30.46%
SHORT Lighter · now
+49.97%
3d avg:+36.87%
Entry Spread Now
−0.396%
Against youL 0.008845 · S 0.008810−$39.57 if it converges
24h range −0.25%…+0.08% · median −0.08%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$6.94
−0.07%
$Avg Daily PnL
+$1.27
+0.0127%
★Best Day
+$4.32
Aug 15
◎Open Interest
Hotcoin$94.9K
Lighter$10.3K⚡Funding APR
+4.62%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
9.5d
to break even
◧24h Volume
Hotcoin—Lighter$4.1KLoading 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.