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updated 8:35:53 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−7.22%
3d Period Avg+3.12%
LONG Lighter · now
+10.52%
3d avg:+10.23%
SHORT Toobit · nowMET-SWAP-USDT
+3.30%
3d avg:+13.35%
Entry Spread Now
−0.037%
Eaten by executionL 0.1632 · S 0.1631−$3.68 if it converges
24h range −0.52%…+0.13% · median −0.05%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$8.35
−0.08%
$Avg Daily PnL
+$0.91
+0.0091%
★Best Day
+$2.01
Aug 15
◎Open Interest
Lighter$84.8K
Toobit$26.5K⚡Funding APR
+3.33%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
13.1d
to break even
◧24h Volume
Lighter$43.5KToobit$2.69MLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.