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updated —ETH 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
−25.67%
3d Period Avg−6.18%
swing±20.48%
LONG Lighter · now
+7.01%
3d avg:+1.36%
SHORT BULK · now
−18.65%
3d avg:−4.82%
Entry Spread Now
−0.128%
Against youL ask 2,252.36 · S bid 2,249.47−$12.82 at entry
24h range −0.90%…+0.35% · median −0.12%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0.035%
Loading Funding History…
↗Total PnL
−$12.70
−0.13%
$Avg Daily PnL
−$1.69
−0.0169%
★Best Day
+$0.79
Oct 29
◎Open Interest
Lighter$69.07M
BULK$2.48M⚡Funding APR
−6.18%
annualized · funding only
⚠Execution Cost
−$7.62
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$327.57MBULK$3.36MLoading 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 (−$7.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.