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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
−263.86%
7d Period Avg+20.66%
swing±30.33%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Lighter · now
−263.86%
7d avg:+20.66%
Entry Spread Now
−0.026%
Against youL ask 123.6700 · S bid 123.6380−$2.59 at entry
24h range −0.09%…+0.15% · median +0.00%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$43.22
−0.43%
$Avg Daily PnL
+$5.66
+0.0566%
★Best Day
+$9.99
Sep 21
◎Open Interest
⚡Funding APR
+20.65%
annualized · funding only
⚠Execution Cost
−$82.82
entry + exit fees
⏱Payback
14.6d
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 + live L2 orderbook slippage on both legs (−$82.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.