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updated 2:43:09 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~10d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
30d Period Avg−13.38%
LONG Lighter · nowUSDJPY-USDC
+0.00%
30d avg:+0.04%
SHORT Pacifica · nowUSDJPY
+10.96%
30d avg:−13.34%
Entry Spread Now
+0.113%
Eaten by executionL 158.9210 · S 159.1000+$11.26 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
−$140.28
−1.40%
$Avg Daily PnL
−$3.54
−0.0354%
★Best Day
+$3.46
Aug 12
◎Open Interest
Lighter$661.2K
Pacifica$92.0K⚡Funding APR
−12.93%
annualized · funding only
⚠Execution Cost
−$30.48
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$37.7KPacifica$11.5KLoading 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 (−$30.48 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.