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updated —GRAM Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−24.98%
3d Period Avg+25.64%
swing±46.44%
LONG KuCoin · nowGRAMUSDTM
−37.26%
3d avg:−36.09%
SHORT Lighter · now
−62.24%
3d avg:−10.45%
Entry Spread Now
−0.093%
Against youL 1.1101 · S 1.1091−$9.28 if it converges
24h range −0.56%…+0.85% · median −0.07%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$9.06
+0.09%
$Avg Daily PnL
+$7.02
+0.0702%
★Best Day
+$10.70
Nov 13
◎Open Interest
KuCoin$5.26M
Lighter$1.21M⚡Funding APR
+25.62%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
KuCoin$20.82MLighter$2.58MLoading 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.