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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 ~9.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.31%
3d Period Avg+4.45%
swing±15.50%
LONG Pionex · nowMETAX_USDT_PERP
−0.80%
3d avg:+4.37%
SHORT Lighter · now
+3.51%
3d avg:+8.82%
Entry Spread Now
−0.005%
Against youL ask 745.5000 · S bid 745.4600−$0.54 at entry
24h range −0.13%…+0.06% · median −0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$6.81
−0.07%
$Avg Daily PnL
+$1.47
+0.0147%
★Best Day
+$4.61
Sep 25
◎Open Interest
Pionex$534.2K
Lighter$1.89M⚡Funding APR
+5.37%
annualized · funding only
⚠Execution Cost
−$11.23
entry + exit fees
⏱Payback
7.6d
to break even
◧24h Volume
Pionex$885.8KLighter$2.55MLoading 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 (−$11.23 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.