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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
−70.13%
7d Period Avg−1.56%
swing±26.41%
LONG grvt · nowHOOD_USDT_Perp
+0.00%
7d avg:+9.76%
SHORT Lighter · now
−70.13%
7d avg:+8.20%
Entry Spread Now
−0.028%
Eaten by executionL 118.9399 · S 118.9060−$2.85 if it converges
24h range −0.12%…+0.32% · median −0.03%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$26.02
−0.26%
$Avg Daily PnL
−$0.43
−0.0043%
★Best Day
+$3.61
Sep 22
◎Open Interest
⚡Funding APR
−1.56%
annualized · funding only
⚠Execution Cost
−$23.03
entry + exit fees
⏱Payback
never
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 + fees only (orderbook snapshot stale) on both legs (−$23.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.