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updated —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
−11.08%
7d Period Avg+13.68%
swing±18.53%
LONG Pionex · nowMETAX_USDT_PERP
+1.44%
7d avg:+4.06%
SHORT Lighter · now
−9.64%
7d avg:+17.74%
Entry Spread Now
−0.007%
Against youL ask 748.9900 · S bid 748.9400−$0.67 at entry
24h range −0.11%…+0.06% · median −0.00%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$14.90
+0.15%
$Avg Daily PnL
+$3.74
+0.0374%
★Best Day
+$9.57
Sep 23
◎Open Interest
⚡Funding APR
+13.66%
annualized · funding only
⚠Execution Cost
−$11.31
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Loading 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 (−$11.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.