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updated 5:05:47 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.03%
30d Period Avg−28.96%
LONG Lighter · now
−2.63%
30d avg:+4.32%
SHORT Extended · now
+11.40%
30d avg:−24.64%
Entry Spread Now
−0.093%
Against youL 30.3110 · S 30.2828−$9.32 if it converges
24h range −0.48%…+0.18% · median −0.08%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0.025%
Limited funding history — chart clipped to available data
- Extended (Short): data starts Jul 21, 2026 (27d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Loading Funding History…
↗Total PnL
−$225.74
−2.26%
$Avg Daily PnL
−$7.12
−0.0712%
★Best Day
+$8.04
Aug 16
◎Open Interest
Lighter$38.9K
Extended$7.6K⚡Funding APR
−25.99%
annualized · funding only
⚠Execution Cost
−$5.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$11.2KExtended$40.7KLoading 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 (−$5.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.