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updated —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
+51.55%
7d Period Avg+26.92%
swing±34.78%
LONG Variational · now
−41.03%
7d avg:+8.06%
SHORT Lighter · now
+10.52%
7d avg:+34.98%
Entry Spread Now
+0.234%
In your favorL 0.7444 · S 0.7461+$23.37 if it converges
24h range −0.49%…+0.94% · median +0.16%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$52.44
+0.52%
$Avg Daily PnL
+$7.49
+0.0749%
★Best Day
+$17.53
Sep 26
◎Open Interest
Variational$1.32M
Lighter$1.38M⚡Funding APR
+27.34%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$866.6KLighter$748.5KLoading 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.