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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 ~1.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+41.64%
3d Period Avg+18.75%
swing±23.91%
LONG Pionex · nowNEAR_USDT_PERP
+10.96%
3d avg:+7.41%
SHORT Lighter · now
+52.60%
3d avg:+26.16%
Entry Spread Now
+0.059%
In your favorL ask 5.3150 · S bid 5.3181+$5.87 at entry
24h range −0.70%…+0.55% · median +0.15%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$3.72
−0.04%
$Avg Daily PnL
+$4.62
+0.0462%
★Best Day
+$10.01
Sep 27
◎Open Interest
Pionex$3.42M
Lighter$24.65M⚡Funding APR
+16.87%
annualized · funding only
⚠Execution Cost
−$17.59
entry + exit fees
⏱Payback
3.8d
to break even
◧24h Volume
Pionex$28.80MLighter$32.26MLoading 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 (−$17.59 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.