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updated —ENA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.80%
3d Period Avg+6.71%
swing±5.88%
LONG OKX · nowENA-USDT-SWAP
−10.28%
3d avg:+3.81%
SHORT Lighter · now
+10.52%
3d avg:+10.52%
Entry Spread Now
+0.031%
Eaten by executionL 0.1274 · S 0.1275+$3.14 if it converges
24h range −0.28%…+0.66% · median +0.02%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$4.08
−0.04%
$Avg Daily PnL
+$1.97
+0.0197%
★Best Day
+$2.50
Nov 12
◎Open Interest
OKX$10.38M
Lighter$1.36M⚡Funding APR
+7.20%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
5.1d
to break even
◧24h Volume
OKX$37.37MLighter$2.04MLoading 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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.