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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 ~1.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.74%
3d Period Avg+7.78%
swing±12.13%
LONG KuCoin · nowLDOUSDTM
−16.22%
3d avg:+7.39%
SHORT Lighter · now
+10.52%
3d avg:+15.17%
Entry Spread Now
+0.372%
In your favorL 0.4460 · S 0.4477+$37.22 if it converges
24h range −0.74%…+1.16% · median +0.17%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.80
−0.06%
$Avg Daily PnL
+$2.07
+0.0207%
★Best Day
+$2.73
Sep 29
◎Open Interest
KuCoin$2.13M
Lighter$1.07M⚡Funding APR
+7.54%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
5.8d
to break even
◧24h Volume
KuCoin$14.23MLighter$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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.