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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 ~9.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.77%
3d Period Avg+22.81%
swing±14.59%
LONG Lighter · now
+13.15%
3d avg:+10.90%
SHORT Coinbase International · nowLTC-PERP
+21.92%
3d avg:+33.71%
Entry Spread Now
−0.061%
Eaten by executionL 70.2630 · S 70.2200−$6.12 if it converges
24h range −0.17%…+0.13% · median −0.03%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$2.79
−0.03%
$Avg Daily PnL
+$6.25
+0.0625%
★Best Day
+$9.73
Sep 26
◎Open Interest
Lighter$1.76M
Coinbase International$889.3K⚡Funding APR
+22.80%
annualized · funding only
⚠Execution Cost
−$21.53
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Lighter$680.6KCoinbase International$1.71MLoading 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 (−$21.53 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.