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updated 4:31:57 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~9.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+10.96%
LONG Lighter · nowUSDJPY-USDC
+0.00%
3d avg:+0.00%
SHORT Pacifica · nowUSDJPY
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.081%
Eaten by executionL 158.9720 · S 159.1000+$8.05 if it converges
24h range +0.06%…+0.14% · median +0.07%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.040%
Loading Funding History…
↗Total PnL
−$20.00
−0.20%
$Avg Daily PnL
+$2.25
+0.0225%
★Best Day
+$3.00
Aug 15
◎Open Interest
Lighter$661.5K
Pacifica$92.0K⚡Funding APR
+8.21%
annualized · funding only
⚠Execution Cost
−$29.00
entry + exit fees
⏱Payback
12.9d
to break even
◧24h Volume
Lighter$38.1KPacifica$12.1KLoading 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 (−$29.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.