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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~100d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+2.68%
swing±3.89%
LONG Lighter · now
+10.52%
3d avg:+8.28%
SHORT grvt · nowHYPE_USDT_Perp
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.016%
In your favorL ask 91.1664 · S bid 91.1810+$1.60 at entry
24h range −0.17%…+0.33% · median −0.00%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$9.71
−0.10%
$Avg Daily PnL
+$0.79
+0.0079%
★Best Day
+$1.41
Sep 26
◎Open Interest
Lighter$15.87M
grvt$7.53M⚡Funding APR
+2.87%
annualized · funding only
⚠Execution Cost
−$12.07
entry + exit fees
⏱Payback
15.3d
to break even
◧24h Volume
Lighter$32.50Mgrvt$51.98MLoading 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 (−$12.07 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.