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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 ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+33.04%
3d Period Avg+31.59%
swing±5.89%
LONG Lighter · now
+10.52%
3d avg:+10.42%
SHORT Phemex · now
+43.56%
3d avg:+42.01%
Entry Spread Now
+0.167%
In your favorL 14.0076 · S 14.0310+$16.73 if it converges
24h range +0.03%…+0.32% · median +0.13%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$6.95
+0.07%
$Avg Daily PnL
+$8.67
+0.0867%
★Best Day
+$9.30
Sep 26
◎Open Interest
Lighter$1.86M
Phemex$21.14M⚡Funding APR
+31.63%
annualized · funding only
⚠Execution Cost
−$19.05
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Lighter$685.8KPhemex$8.88MLoading 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 (−$19.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.