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updated 5:07:12 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+271.75%
30d Period Avg−6.60%
LONG Lighter · now
−97.30%
30d avg:+6.05%
SHORT KuCoin · nowGMXUSDTM
+174.44%
30d avg:−0.55%
Entry Spread Now
−0.321%
Against youL 6.7386 · S 6.7170−$32.05 if it converges
24h range −0.50%…+0.32% · median +0.05%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$70.26
−0.70%
$Avg Daily PnL
−$1.88
−0.0188%
★Best Day
+$11.49
Aug 17
◎Open Interest
Lighter$57.2K
KuCoin$359.6K⚡Funding APR
−6.86%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$5.5KKuCoin$12.9KLoading 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.