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updated 9:25:09 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.91%
1d Period Avg+12.27%
swing±16.47%
LONG Lighter · now
+11.40%
1d avg:+13.44%
SHORT KuCoin · nowFFUSDTM
+49.31%
1d avg:+25.71%
Entry Spread Now
−0.007%
NeutralL 0.1406 · S 0.1406
24h range −0.41%…+0.69% · median +0.02%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$9.56
−0.10%
$Avg Daily PnL
+$1.22
+0.0122%
★Best Day
+$3.92
Sep 17
◎Open Interest
Lighter$142.7K
KuCoin$9.43M⚡Funding APR
+4.45%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
9.8d
to break even
◧24h Volume
Lighter$6.4KKuCoin$3.53MLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.