← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.06%
3d Period Avg+6.62%
swing±16.42%
LONG Variational · now
−14.54%
3d avg:+6.69%
SHORT Lighter · now
+10.52%
3d avg:+13.31%
Entry Spread Now
+0.515%
In your favorL 0.7341 · S 0.7379+$51.49 if it converges
24h range −0.49%…+0.94% · median +0.15%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$4.16
−0.04%
$Avg Daily PnL
+$1.95
+0.0195%
★Best Day
+$3.97
Oct 1
◎Open Interest
Variational$1.32M
Lighter$1.36M⚡Funding APR
+7.13%
annualized · funding only
⚠Execution Cost
−$10.02
entry + exit fees
⏱Payback
5.1d
to break even
◧24h Volume
Variational$688.5KLighter$759.1KLoading 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 (−$10.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.