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updated 9:36:07 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+38.89%
1d Period Avg+39.14%
LONG Lighter · now
−7.89%
1d avg:−6.94%
SHORT Reya · nowLTCRUSDPERP
+31.01%
1d avg:+32.20%
Entry Spread Now
−0.058%
Against youL 44.5430 · S 44.5169−$5.85 if it converges
24h range −0.09%…+0.04% · median −0.07%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
+$4.72
+0.05%
$Avg Daily PnL
+$5.36
+0.0536%
★Best Day
+$9.88
Aug 17
◎Open Interest
Lighter$589.4K
Reya$4.1K⚡Funding APR
+19.56%
annualized · funding only
⚠Execution Cost
−$6.00
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Lighter$77.2KReya$1.5KLoading 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 (−$6.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.