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updated —MSTR Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+9.73%
swing±59.42%
LONG Aster · now
+0.00%
7d avg:−4.14%
SHORT Lighter · now
+3.51%
7d avg:+5.59%
Entry Spread Now
−0.063%
Against youL 107.4376 · S 107.3700−$6.29 if it converges
24h range −1.37%…+0.44% · median −0.07%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.040%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$11.09
+0.11%
$Avg Daily PnL
+$2.73
+0.0273%
★Best Day
+$18.37
Nov 9
◎Open Interest
Aster$745.8K
Lighter$774.9K⚡Funding APR
+9.95%
annualized · funding only
⚠Execution Cost
−$8.00
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
Aster$588.0KLighter$2.18MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$8.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.