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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−4.70%
7d Period Avg+3.86%
swing±10.27%
LONG Pionex · nowGOOGLX_USDT_PERP
+1.19%
7d avg:+17.24%
SHORT Lighter · now
−3.51%
7d avg:+21.10%
Entry Spread Now
−0.035%
Against youL ask 343.7500 · S bid 343.6300−$3.49 at entry
24h range −0.04%…+0.08% · median −0.00%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$3.76
−0.04%
$Avg Daily PnL
+$1.06
+0.0106%
★Best Day
+$3.25
Sep 25
◎Open Interest
Pionex$3.65M
Lighter$2.76M⚡Funding APR
+3.85%
annualized · funding only
⚠Execution Cost
−$11.15
entry + exit fees
⏱Payback
10.6d
to break even
◧24h Volume
Pionex$1.44MLighter$1.50MLoading 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 (−$11.15 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.