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updated —META Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.65%
3d Period Avg+4.69%
swing±15.20%
LONG Arcus · now
+4.16%
3d avg:−1.17%
SHORT Lighter · now
+3.51%
3d avg:+3.52%
Entry Spread Now
−2.474%
Against youL ask 639.1100 · S bid 623.3000−$247.38 at entry
24h range −0.39%…+0.34% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.022%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$3.85
−0.04%
$Avg Daily PnL
+$1.28
+0.0128%
★Best Day
+$2.70
Nov 12
◎Open Interest
Arcus$1.05M
Lighter$4.17M⚡Funding APR
+4.69%
annualized · funding only
⚠Execution Cost
−$7.70
entry + exit fees
⏱Payback
6.0d
to break even
◧24h Volume
Arcus$1.40MLighter$8.67MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$7.70 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.