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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 ~1.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.91%
7d Period Avg+20.81%
swing±26.18%
LONG Bybit · now
−21.39%
7d avg:+8.14%
SHORT Lighter · now
+10.52%
7d avg:+28.95%
Entry Spread Now
+0.137%
In your favorL 0.4456 · S 0.4462+$13.69 if it converges
24h range −0.57%…+1.07% · median +0.25%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$28.37
+0.28%
$Avg Daily PnL
+$5.62
+0.0562%
★Best Day
+$12.52
Sep 26
◎Open Interest
Bybit$16.83M
Lighter$1.06M⚡Funding APR
+20.53%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Bybit$14.93MLighter$680.2KLoading 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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.