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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
−9.64%
7d Period Avg+15.63%
swing±17.50%
LONG Variational · now
+0.00%
7d avg:+2.11%
SHORT Lighter · now
−9.64%
7d avg:+17.74%
Entry Spread Now
−0.029%
Against youL ask 749.1000 · S bid 748.8800−$2.94 at entry
24h range −0.04%…+0.06% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$22.50
+0.22%
$Avg Daily PnL
+$4.28
+0.0428%
★Best Day
+$9.96
Sep 23
◎Open Interest
⚡Funding APR
+15.61%
annualized · funding only
⚠Execution Cost
−$7.45
entry + exit fees
⏱Payback
1.7d
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 (−$7.45 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.