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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 ~4.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+56.62%
3d Period Avg+105.75%
swing±117.54%
LONG OKX · nowNMR-USDT-SWAP
−46.10%
3d avg:−208.16%
SHORT Lighter · now
+10.52%
3d avg:−102.41%
Entry Spread Now
−0.238%
Eaten by executionL 11.2600 · S 11.2332−$23.80 if it converges
24h range −0.69%…+0.75% · median −0.01%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$17.86
+0.18%
$Avg Daily PnL
+$26.75
+0.2675%
★Best Day
+$29.01
Sep 29
◎Open Interest
OKX$1.05M
Lighter$65.9K⚡Funding APR
+97.64%
annualized · funding only
⚠Execution Cost
−$62.39
entry + exit fees
⏱Payback
2.3d
to break even
◧24h Volume
OKX$4.52MLighter$20.1KLoading 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 (−$62.39 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.