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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
−15.59%
3d Period Avg+10.30%
swing±34.91%
LONG Variational · now
−39.63%
3d avg:−4.50%
SHORT Lighter · now
−55.23%
3d avg:+5.80%
Entry Spread Now
−0.056%
Against youL 239.1050 · S 238.9700−$5.65 if it converges
24h range −0.28%…+0.23% · median +0.04%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$13.01
+0.13%
$Avg Daily PnL
+$4.34
+0.0434%
★Best Day
+$4.46
Sep 25
◎Open Interest
Variational$2.20M
Lighter$1.05M⚡Funding APR
+15.83%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$307.1KLighter$854.8KLoading 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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.