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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 ~83d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+11.74%
swing±14.24%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Lighter · now
+3.51%
3d avg:+11.74%
Entry Spread Now
−0.026%
Against youL ask 343.6000 · S bid 343.5100−$2.62 at entry
24h range −0.15%…+0.03% · median −0.02%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$69.76
−0.70%
$Avg Daily PnL
+$3.39
+0.0339%
★Best Day
+$7.88
Sep 25
◎Open Interest
⚡Funding APR
+12.39%
annualized · funding only
⚠Execution Cost
−$79.94
entry + exit fees
⏱Payback
23.6d
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$79.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.