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updated 10:47:30 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+39.01%
3d Period Avg+4.86%
swing±10.52%
LONG Lighter · now
+15.78%
3d avg:+11.49%
SHORT KuCoin · nowFFUSDTM
+54.79%
3d avg:+16.35%
Entry Spread Now
−0.261%
Eaten by executionL 0.1416 · S 0.1413−$26.12 if it converges
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
−$55.15
−0.55%
$Avg Daily PnL
+$0.73
+0.0073%
★Best Day
+$3.74
Sep 17
◎Open Interest
Lighter$143.7K
KuCoin$9.49M⚡Funding APR
+2.65%
annualized · funding only
⚠Execution Cost
−$58.05
entry + exit fees
⏱Payback
2.7mo
to break even
◧24h Volume
Lighter$7.3KKuCoin$3.90MLoading 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 (−$58.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.