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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+41.64%
3d Period Avg+18.34%
swing±22.97%
LONG Phemex · now
+10.96%
3d avg:+7.82%
SHORT Lighter · now
+52.60%
3d avg:+26.16%
Entry Spread Now
+0.040%
In your favorL ask 5.3160 · S bid 5.3181+$3.99 at entry
24h range −0.07%…+0.27% · median +0.12%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$25.26
−0.25%
$Avg Daily PnL
+$4.52
+0.0452%
★Best Day
+$9.51
Sep 27
◎Open Interest
⚡Funding APR
+16.51%
annualized · funding only
⚠Execution Cost
−$38.83
entry + exit fees
⏱Payback
8.6d
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 + live L2 orderbook slippage on both legs (−$38.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.