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updated —LIT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+286.69%
1d Period Avg+315.77%
swing±83.92%
LONG Bullet · now
−265.22%
1d avg:−283.12%
SHORT Phoenix · now
+21.47%
1d avg:+32.65%
Entry Spread Now
+0.279%
In your favorL ask 3.2580 · S bid 3.2671+$27.93 at entry
24h range −2.56%…+2.53% · median −0.17%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.040%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
+$29.50
+0.30%
$Avg Daily PnL
+$86.46
+0.8646%
★Best Day
+$46.68
Nov 1
◎Open Interest
Bullet$142.3K
Phoenix$411.8K⚡Funding APR
+315.56%
annualized · funding only
⚠Execution Cost
−$56.95
entry + exit fees
⏱Payback
15.8h
to break even
◧24h Volume
Bullet$449.7KPhoenix—Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$56.95 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.