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updated 6:21:27 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+115.49%
3d Period Avg+29.63%
LONG Lighter · now
+10.52%
3d avg:−30.29%
SHORT KuCoin · nowGMXUSDTM
+126.01%
3d avg:−0.66%
Entry Spread Now
−0.248%
Against youL 6.8510 · S 6.8340−$24.81 if it converges
24h range −0.50%…+0.33% · median +0.03%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$5.01
+0.05%
$Avg Daily PnL
+$4.25
+0.0425%
★Best Day
+$11.37
Aug 17
◎Open Interest
Lighter$58.2K
KuCoin$378.9K⚡Funding APR
+15.52%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
Lighter$6.3KKuCoin$17.8KLoading 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.