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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 ~3.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.71%
7d Period Avg+5.07%
swing±6.71%
LONG grvt · nowLINK_USDT_Perp
−2.19%
7d avg:+5.09%
SHORT Lighter · now
+10.52%
7d avg:+10.16%
Entry Spread Now
−0.005%
NeutralL 13.9320 · S 13.9313
24h range −0.31%…+0.26% · median +0.02%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$3.83
−0.04%
$Avg Daily PnL
+$1.39
+0.0139%
★Best Day
+$4.25
Sep 27
◎Open Interest
grvt$624.4K
Lighter$1.86M⚡Funding APR
+5.06%
annualized · funding only
⚠Execution Cost
−$13.54
entry + exit fees
⏱Payback
9.8d
to break even
◧24h Volume
grvt$2.70MLighter$697.0KLoading 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 (−$13.54 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.