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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 ~0.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+85.20%
3d Period Avg+46.88%
swing±37.23%
LONG Toobit · nowMETA-SWAP-USDT
−63.28%
3d avg:−18.70%
SHORT Lighter · now
+21.92%
3d avg:+28.18%
Entry Spread Now
+0.031%
In your favorL ask 742.3800 · S bid 742.6100+$3.10 at entry
24h range −0.29%…+0.43% · median +0.05%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$22.11
+0.22%
$Avg Daily PnL
+$10.14
+0.1014%
★Best Day
+$18.75
Sep 22
◎Open Interest
Toobit$71.2K
Lighter$2.65M⚡Funding APR
+37.03%
annualized · funding only
⚠Execution Cost
−$18.47
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Toobit$57.14MLighter$4.44MLoading 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 (−$18.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.