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updated 5:03:37 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+39.45%
30d Period Avg+39.21%
LONG Reya · nowGRASSRUSDPERP
−28.93%
30d avg:−28.17%
SHORT Lighter · now
+10.52%
30d avg:+11.04%
Entry Spread Now
+0.224%
In your favorL 0.3210 · S 0.3217+$22.41 if it converges
24h range −0.09%…+0.38% · median +0.22%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.030%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$315.80
+3.16%
$Avg Daily PnL
+$10.38
+0.1038%
★Best Day
+$12.34
Aug 11
◎Open Interest
Reya$382
Lighter$211.3K⚡Funding APR
+37.89%
annualized · funding only
⚠Execution Cost
−$6.00
entry + exit fees
⏱Payback
13.9h
to break even
◧24h Volume
Reya$3.6KLighter$30.1KLoading 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 (−$6.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.