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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 ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+39.89%
7d Period Avg+31.44%
swing±39.23%
LONG Pionex · nowNEAR_USDT_PERP
+10.96%
7d avg:+9.82%
SHORT Lighter · now
+50.84%
7d avg:+41.26%
Entry Spread Now
+0.097%
In your favorL ask 5.3880 · S bid 5.3932+$9.73 at entry
24h range −0.52%…+0.55% · median +0.15%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$43.27
+0.43%
$Avg Daily PnL
+$8.61
+0.0861%
★Best Day
+$18.82
Sep 21
◎Open Interest
Pionex$3.30M
Lighter$25.20M⚡Funding APR
+31.42%
annualized · funding only
⚠Execution Cost
−$16.98
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Pionex$29.01MLighter$30.74MLoading 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 (−$16.98 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.