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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+31.98%
swing±22.64%
LONG Hotcoin · now
+10.96%
3d avg:−8.15%
SHORT Lighter · now
+10.52%
3d avg:+23.83%
Entry Spread Now
−1.244%
Against youL ask 0.2612 · S bid 0.2579−$124.43 at entry
24h range −0.36%…+0.62% · median +0.15%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$0.37
+0.00%
$Avg Daily PnL
+$8.37
+0.0837%
★Best Day
+$14.07
Sep 30
◎Open Interest
Hotcoin$9.95M
Lighter$7.04M⚡Funding APR
+30.56%
annualized · funding only
⚠Execution Cost
−$24.75
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Hotcoin$40.05MLighter$15.36MLoading 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 (−$24.75 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.