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updated —ETHFI Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+47.77%
3d Period Avg+16.22%
swing±20.67%
LONG Lighter · now
−36.82%
3d avg:−5.26%
SHORT Variational · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.031%
In your favorL 0.5524 · S 0.5525+$3.08 if it converges
24h range −0.74%…+0.99% · median −0.04%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$12.93
+0.13%
$Avg Daily PnL
+$4.31
+0.0431%
★Best Day
+$6.23
Nov 14
◎Open Interest
Lighter$500.3K
Variational$509.6K⚡Funding APR
+15.73%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$316.4KVariational$370.6KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.