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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
−198.11%
7d Period Avg+20.24%
swing±28.13%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Lighter · now
−198.11%
7d avg:+20.24%
Entry Spread Now
+0.038%
Eaten by executionL 238.3300 · S 238.4200+$3.78 if it converges
24h range −0.09%…+0.25% · median +0.03%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$26.79
+0.27%
$Avg Daily PnL
+$5.54
+0.0554%
★Best Day
+$12.09
Sep 21
◎Open Interest
⚡Funding APR
+20.23%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
2.2d
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.