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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 ~4.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+24.32%
3d Period Avg+4.74%
swing±10.33%
LONG Bybit · now
−13.80%
3d avg:+10.43%
SHORT Lighter · now
+10.52%
3d avg:+15.17%
Entry Spread Now
+0.553%
In your favorL 0.4452 · S 0.4477+$55.26 if it converges
24h range −0.57%…+1.07% · median +0.24%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$23.91
−0.24%
$Avg Daily PnL
+$1.30
+0.0130%
★Best Day
+$2.10
Sep 30
◎Open Interest
Bybit$16.66M
Lighter$1.07M⚡Funding APR
+4.76%
annualized · funding only
⚠Execution Cost
−$27.82
entry + exit fees
⏱Payback
21.4d
to break even
◧24h Volume
Bybit$13.58MLighter$670.9KLoading 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 (−$27.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.