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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 ~1.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+38.37%
7d Period Avg+85.34%
swing±61.60%
LONG Toobit · nowMETA-SWAP-USDT
−33.99%
7d avg:−73.09%
SHORT Lighter · now
+4.38%
7d avg:+12.25%
Entry Spread Now
−0.264%
Against youL ask 727.4800 · S bid 725.5600−$26.39 at entry
24h range −0.29%…+0.49% · median −0.04%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$147.26
+1.47%
$Avg Daily PnL
+$23.13
+0.2313%
★Best Day
+$41.85
Sep 25
◎Open Interest
Toobit$10.76M
Lighter$1.83M⚡Funding APR
+84.43%
annualized · funding only
⚠Execution Cost
−$14.66
entry + exit fees
⏱Payback
15.1h
to break even
◧24h Volume
Toobit$30.70MLighter$1.68MLoading 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 (−$14.66 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.