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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.42%
7d Period Avg+24.66%
swing±29.09%
LONG KuCoin · nowDRAMUSDTM
+0.00%
7d avg:−1.61%
SHORT Lighter · now
+25.42%
7d avg:+23.05%
Entry Spread Now
−0.183%
Against youL ask 61.1800 · S bid 61.0680−$18.31 at entry
24h range −0.65%…+0.79% · median +0.07%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$14.53
+0.15%
$Avg Daily PnL
+$6.72
+0.0672%
★Best Day
+$13.56
Sep 28
◎Open Interest
KuCoin$2.95M
Lighter$1.04M⚡Funding APR
+24.54%
annualized · funding only
⚠Execution Cost
−$32.54
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
KuCoin$645.4KLighter$1.15MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$32.54 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.