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updated —NVDA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~54d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.38%
3d Period Avg+35.68%
swing±30.84%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Lighter · now
+4.38%
3d avg:+35.68%
Entry Spread Now
+0.305%
In your favorL ask 162.9900 · S bid 163.4870+$30.49 at entry
24h range −0.74%…+0.23% · median −0.12%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$36.02
−0.36%
$Avg Daily PnL
+$9.72
+0.0972%
★Best Day
+$13.99
Nov 12
◎Open Interest
Phemex$1.50M
Lighter$13.08M⚡Funding APR
+35.47%
annualized · funding only
⚠Execution Cost
−$65.17
entry + exit fees
⏱Payback
6.7d
to break even
◧24h Volume
Phemex$148.3KLighter$49.48MLoading 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 (−$65.17 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.