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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 ~84d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.31%
3d Period Avg+3.81%
swing±10.40%
LONG Lighter · now
+9.64%
3d avg:+5.65%
SHORT Aster · now
+10.96%
3d avg:+9.46%
Entry Spread Now
−0.048%
Against youL ask 3.1185 · S bid 3.1170−$4.81 at entry
24h range −0.39%…+0.49% · median +0.01%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
−$27.81
−0.28%
$Avg Daily PnL
+$0.77
+0.0077%
★Best Day
+$0.93
Oct 16
◎Open Interest
Lighter$33.39M
Aster$8.43M⚡Funding APR
+2.82%
annualized · funding only
⚠Execution Cost
−$30.13
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
Lighter$9.30MAster$1.41MLoading 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 (−$30.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.