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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 ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.03%
7d Period Avg+19.90%
swing±10.11%
LONG Variational · now
−2.51%
7d avg:−8.97%
SHORT Lighter · now
+10.52%
7d avg:+10.93%
Entry Spread Now
+0.263%
In your favorL 70.8947 · S 71.0810+$26.28 if it converges
24h range −0.13%…+0.53% · median +0.15%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$30.62
+0.31%
$Avg Daily PnL
+$5.45
+0.0545%
★Best Day
+$7.20
Sep 23
◎Open Interest
Variational$4.99M
Lighter$1.78M⚡Funding APR
+19.89%
annualized · funding only
⚠Execution Cost
−$7.52
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Variational$1.49MLighter$704.7KLoading 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 (−$7.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.