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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 ~4.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.29%
7d Period Avg+19.33%
swing±25.41%
LONG MEXC · now
+7.23%
7d avg:+9.62%
SHORT Lighter · now
+10.52%
7d avg:+28.95%
Entry Spread Now
+0.025%
In your favorL 0.4461 · S 0.4462+$2.47 if it converges
24h range −1.38%…+0.85% · median +0.18%
Long pays every8hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$32.38
+0.32%
$Avg Daily PnL
+$5.20
+0.0520%
★Best Day
+$12.52
Sep 26
◎Open Interest
MEXC$8.22M
Lighter$1.06M⚡Funding APR
+18.97%
annualized · funding only
⚠Execution Cost
−$4.00
entry + exit fees
⏱Payback
18.5h
to break even
◧24h Volume
MEXC$5.73MLighter$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 (−$4.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.