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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~124d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+56.92%
swing±85.91%
LONG Lighter · now
+10.52%
3d avg:+34.58%
SHORT Gate.io · now
+10.96%
3d avg:+91.50%
Entry Spread Now
−0.602%
Against youL 2.4588 · S 2.4440−$60.19 if it converges
24h range −1.11%…+1.03% · median −0.44%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker-0.010%/taker0.075%
Loading Funding History…
↗Total PnL
+$31.64
+0.32%
$Avg Daily PnL
+$15.55
+0.1555%
★Best Day
+$24.78
Sep 28
◎Open Interest
Lighter$83.5K
Gate.io$257.5K⚡Funding APR
+56.75%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
23.0h
to break even
◧24h Volume
Lighter$7.5KGate.io$292.6KLoading 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 (−$15.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.