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updated —ETH Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.29%
3d Period Avg+4.79%
swing±4.20%
LONG grvt · nowETH_USDT_Perp
+7.23%
3d avg:+2.88%
SHORT Lighter · now
+10.52%
3d avg:+7.67%
Entry Spread Now
+0.751%
In your favorL ask 1,906.75 · S bid 1,921.08+$75.15 at entry
24h range −0.34%…+0.35% · median +0.00%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$6.27
−0.06%
$Avg Daily PnL
+$1.33
+0.0133%
★Best Day
+$2.01
Nov 12
◎Open Interest
grvt$110.95M
Lighter$68.67M⚡Funding APR
+4.85%
annualized · funding only
⚠Execution Cost
−$10.26
entry + exit fees
⏱Payback
7.7d
to break even
◧24h Volume
grvt$77.47MLighter$439.95MLoading 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 (−$10.26 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.