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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 ~3.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+36.17%
3d Period Avg+35.90%
swing±18.68%
LONG Lighter · now
+10.52%
3d avg:+10.52%
SHORT Phemex · now
+46.69%
3d avg:+46.42%
Entry Spread Now
+0.143%
Eaten by executionL 0.3215 · S 0.3220+$14.31 if it converges
24h range −0.48%…+0.77% · median +0.19%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$9.39
−0.09%
$Avg Daily PnL
+$9.89
+0.0989%
★Best Day
+$12.38
Sep 30
◎Open Interest
Lighter$664.8K
Phemex$2.99M⚡Funding APR
+36.10%
annualized · funding only
⚠Execution Cost
−$39.06
entry + exit fees
⏱Payback
4.0d
to break even
◧24h Volume
Lighter$454.4KPhemex$1.85MLoading 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 (−$39.06 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.