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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 ~3.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.15%
7d Period Avg+7.99%
swing±8.90%
LONG Lighter · now
−7.01%
7d avg:−0.58%
SHORT Pionex · nowLINK_USDT_PERP
+4.14%
7d avg:+7.41%
Entry Spread Now
+0.000%
NeutralL 9.6060 · S 9.6060
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
+$2.14
+0.02%
$Avg Daily PnL
+$1.88
+0.0188%
★Best Day
+$3.39
Nov 9
◎Open Interest
Lighter$1.35M
Pionex$1.11M⚡Funding APR
+6.87%
annualized · funding only
⚠Execution Cost
−$11.04
entry + exit fees
⏱Payback
5.9d
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 (−$11.04 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.