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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−55.23%
3d Period Avg+5.80%
swing±35.13%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Lighter · now
−55.23%
3d avg:+5.80%
Entry Spread Now
+0.000%
NeutralL 238.9700 · S 238.9700
24h range −0.09%…+0.42% · median +0.03%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.49
−0.05%
$Avg Daily PnL
+$2.17
+0.0217%
★Best Day
+$6.40
Sep 25
◎Open Interest
⚡Funding APR
+7.92%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
5.5d
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 + fees only (orderbook snapshot stale) on both legs (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.