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updated —LINK Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.83%
3d Period Avg+3.95%
swing±4.43%
LONG Lighter · now
−7.01%
3d avg:+2.34%
SHORT Pionex · nowLINK_USDT_PERP
+3.82%
3d avg:+6.29%
Entry Spread Now
+0.007%
NeutralL 9.6103 · S 9.6110
24h range −0.58%…+0.33% · median +0.02%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$6.76
−0.07%
$Avg Daily PnL
+$1.50
+0.0150%
★Best Day
+$2.02
Nov 12
◎Open Interest
Lighter$1.35M
Pionex$1.11M⚡Funding APR
+5.49%
annualized · funding only
⚠Execution Cost
−$11.27
entry + exit fees
⏱Payback
7.5d
to break even
◧24h Volume
Lighter$427.9KPionex$1.24MLoading 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 (−$11.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.