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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%
30d Period Avg+51.32%
swing±96.92%
LONG Lighter · now
+10.52%
30d avg:+85.41%
SHORT Gate.io · now
+10.96%
30d avg:+136.73%
Entry Spread Now
−0.448%
Against youL 2.5213 · S 2.5100−$44.82 if it converges
24h range −1.11%…+1.03% · median −0.44%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker-0.010%/taker0.075%
Limited funding history — chart clipped to available data
- Lighter (Long): data starts Sep 26, 2026 (4d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 15%, short 100% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$377.55
+3.78%
$Avg Daily PnL
+$13.09
+0.1309%
★Best Day
+$42.93
Sep 23
◎Open Interest
Lighter$85.6K
Gate.io$262.7K⚡Funding APR
+47.76%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Lighter$7.3KGate.io$284.7KLoading 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.