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updated —MU Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~71d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.52%
3d Period Avg+3.84%
swing±13.15%
LONG Pionex · nowMUX_USDT_PERP
+2.98%
3d avg:+6.71%
SHORT Lighter · now
+3.51%
3d avg:+10.55%
Entry Spread Now
−0.093%
Against youL 767.9135 · S 767.2000−$9.29 if it converges
24h range −0.71%…+0.18% · median −0.09%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$6.85
−0.07%
$Avg Daily PnL
+$1.09
+0.0109%
★Best Day
+$2.38
Nov 13
◎Open Interest
Pionex$2.25M
Lighter$1.62M⚡Funding APR
+3.99%
annualized · funding only
⚠Execution Cost
−$10.13
entry + exit fees
⏱Payback
9.3d
to break even
◧24h Volume
Pionex$10.02MLighter$8.92MLoading 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 (−$10.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.