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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 ~18d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.47%
7d Period Avg+12.00%
swing±11.50%
LONG TxFlow · now
+7.04%
7d avg:+2.05%
SHORT Lighter · now
+10.52%
7d avg:+14.05%
Entry Spread Now
−2.406%
Against youL ask 5.2880 · S bid 5.1608−$240.62 at entry
24h range −0.28%…+0.68% · median +0.13%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$6.22
+0.06%
$Avg Daily PnL
+$3.29
+0.0329%
★Best Day
+$7.22
Oct 5
◎Open Interest
⚡Funding APR
+12.00%
annualized · funding only
⚠Execution Cost
−$16.79
entry + exit fees
⏱Payback
5.1d
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 (−$16.79 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.