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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 ~101d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
7d Period Avg+2.51%
swing±5.29%
LONG Lighter · now
+10.52%
7d avg:+8.43%
SHORT grvt · nowHYPE_USDT_Perp
+10.96%
7d avg:+10.94%
Entry Spread Now
−0.009%
Against youL ask 91.4311 · S bid 91.4230−$0.89 at entry
24h range −0.17%…+0.12% · median −0.00%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$7.04
−0.07%
$Avg Daily PnL
+$0.73
+0.0073%
★Best Day
+$1.65
Sep 24
◎Open Interest
Lighter$16.02M
grvt$7.56M⚡Funding APR
+2.68%
annualized · funding only
⚠Execution Cost
−$12.18
entry + exit fees
⏱Payback
16.6d
to break even
◧24h Volume
Lighter$29.99Mgrvt$49.88MLoading 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 (−$12.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.