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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 ~4.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.85%
7d Period Avg+23.18%
swing±27.29%
LONG KuCoin · nowLDOUSDTM
−16.33%
7d avg:+5.77%
SHORT Lighter · now
+10.52%
7d avg:+28.95%
Entry Spread Now
+0.002%
NeutralL 0.4462 · S 0.4462
24h range −0.74%…+1.16% · median +0.18%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$13.37
+0.13%
$Avg Daily PnL
+$6.23
+0.0623%
★Best Day
+$13.02
Sep 26
◎Open Interest
KuCoin$2.14M
Lighter$1.06M⚡Funding APR
+22.74%
annualized · funding only
⚠Execution Cost
−$30.25
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
KuCoin$14.04MLighter$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 (−$30.25 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.