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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
−174.26%
7d Period Avg+18.88%
swing±27.56%
LONG Variational · now
−23.85%
7d avg:+1.36%
SHORT Lighter · now
−198.11%
7d avg:+20.24%
Entry Spread Now
+0.141%
In your favorL 238.0840 · S 238.4200+$14.11 if it converges
24h range −0.04%…+0.23% · median +0.04%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$36.19
+0.36%
$Avg Daily PnL
+$5.17
+0.0517%
★Best Day
+$9.64
Sep 21
◎Open Interest
Variational$2.20M
Lighter$1.05M⚡Funding APR
+18.87%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$291.9KLighter$569.7KLoading 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.