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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 ~14d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.14%
7d Period Avg+24.17%
swing±23.92%
LONG Lighter · now
+10.52%
7d avg:+10.93%
SHORT Coinbase International · nowLTC-PERP
+16.66%
7d avg:+35.10%
Entry Spread Now
−0.003%
NeutralL 70.8520 · S 70.8500
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
+$23.39
+0.23%
$Avg Daily PnL
+$6.62
+0.0662%
★Best Day
+$14.00
Sep 21
◎Open Interest
Lighter$1.78M
Coinbase International$933.5K⚡Funding APR
+24.15%
annualized · funding only
⚠Execution Cost
−$22.93
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Lighter$704.7KCoinbase International$1.50MLoading 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 (−$22.93 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.