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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 ~1.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.57%
7d Period Avg+29.44%
swing±10.55%
LONG Lighter · now
+10.52%
7d avg:+9.89%
SHORT Phemex · now
+46.09%
7d avg:+39.33%
Entry Spread Now
+0.153%
In your favorL 13.9267 · S 13.9480+$15.28 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
+$38.45
+0.38%
$Avg Daily PnL
+$7.99
+0.0799%
★Best Day
+$11.87
Sep 22
◎Open Interest
Lighter$1.86M
Phemex$21.02M⚡Funding APR
+29.15%
annualized · funding only
⚠Execution Cost
−$17.45
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Lighter$697.0KPhemex$8.89MLoading 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 (−$17.45 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.