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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%
7d Period Avg+18.49%
swing±27.16%
LONG Pionex · nowENA_USDT_PERP
+10.96%
7d avg:+10.96%
SHORT Lighter · now
+10.52%
7d avg:+29.45%
Entry Spread Now
−0.022%
Against youL ask 0.2697 · S bid 0.2696−$2.22 at entry
24h range −0.27%…+0.41% · median +0.03%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$17.22
+0.17%
$Avg Daily PnL
+$5.06
+0.0506%
★Best Day
+$16.10
Sep 21
◎Open Interest
Pionex$3.44M
Lighter$4.81M⚡Funding APR
+18.48%
annualized · funding only
⚠Execution Cost
−$18.22
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
Pionex$10.55MLighter$6.46MLoading 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 (−$18.22 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.