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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
−2.42%
3d Period Avg−0.38%
swing±19.71%
LONG Lighter · now
+3.51%
3d avg:+7.21%
SHORT Pionex · nowMSTRX_USDT_PERP
+1.08%
3d avg:+6.83%
Entry Spread Now
+0.031%
In your favorL ask 160.2500 · S bid 160.3000+$3.12 at entry
24h range −0.10%…+0.19% · median +0.06%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.16
−0.18%
$Avg Daily PnL
−$0.12
−0.0012%
★Best Day
+$1.39
Sep 26
◎Open Interest
Lighter$3.41M
Pionex$6.35M⚡Funding APR
−0.42%
annualized · funding only
⚠Execution Cost
−$17.81
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$2.78MPionex$7.84MLoading 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 (−$17.81 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.