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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 ~2.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+21.48%
7d Period Avg+11.80%
swing±8.95%
LONG Lighter · now
−10.52%
7d avg:−0.58%
SHORT Phemex · now
+10.96%
7d avg:+11.22%
Entry Spread Now
+0.073%
In your favorL 9.6329 · S 9.6400+$7.33 if it converges
24h range −0.38%…+0.40% · median +0.11%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$6.36
+0.06%
$Avg Daily PnL
+$2.93
+0.0293%
★Best Day
+$4.66
Nov 12
◎Open Interest
Lighter$1.35M
Phemex$15.69M⚡Funding APR
+10.70%
annualized · funding only
⚠Execution Cost
−$14.16
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
Lighter$427.6KPhemex$10.71MLoading 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 (−$14.16 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.