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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
7d Period Avg+54.40%
swing±57.28%
LONG Variational · now
+10.96%
7d avg:+7.19%
SHORT Lighter · now
+10.52%
7d avg:+61.59%
Entry Spread Now
+0.306%
In your favorL 0.6438 · S 0.6457+$30.60 if it converges
24h range −1.17%…+1.07% · median +0.25%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$104.24
+1.04%
$Avg Daily PnL
+$14.89
+0.1489%
★Best Day
+$37.93
Sep 22
◎Open Interest
Variational$2.83M
Lighter$1.21M⚡Funding APR
+54.36%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$207.9KLighter$421.5KLoading 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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.