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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+24.03%
3d Period Avg+5.93%
swing±9.32%
LONG Lighter · now
−31.56%
3d avg:−4.14%
SHORT TxFlow · now
−7.52%
3d avg:+1.79%
Entry Spread Now
+0.248%
In your favorL ask 2,496.4 · S bid 2,502.59+$24.80 at entry
24h range −0.12%…−0.03% · median −0.08%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$4.61
−0.05%
$Avg Daily PnL
+$1.62
+0.0162%
★Best Day
+$2.95
Oct 8
◎Open Interest
Lighter$82.79M
TxFlow$3.59M⚡Funding APR
+5.93%
annualized · funding only
⚠Execution Cost
−$9.48
entry + exit fees
⏱Payback
5.8d
to break even
◧24h Volume
Lighter$222.52MTxFlow$11.90MLoading 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 (−$9.48 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.