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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
−20.49%
7d Period Avg−1.58%
swing±14.04%
LONG Lighter · now
+5.26%
7d avg:+5.16%
SHORT BULK · now
−15.23%
7d avg:+3.58%
Entry Spread Now
+0.524%
In your favorL ask 2,232.27 · S bid 2,243.97+$52.42 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
−$11.04
−0.11%
$Avg Daily PnL
−$0.43
−0.0043%
★Best Day
+$0.83
Oct 24
◎Open Interest
Lighter$68.89M
BULK$2.43M⚡Funding APR
−1.57%
annualized · funding only
⚠Execution Cost
−$8.02
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$350.03MBULK$3.45MLoading 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 (−$8.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.