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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 ~4.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.26%
3d Period Avg+16.64%
swing±33.40%
LONG Variational · now
+0.00%
3d avg:+19.64%
SHORT Lighter · now
+5.26%
3d avg:+36.28%
Entry Spread Now
+0.431%
In your favorL ask 162.7850 · S bid 163.4870+$43.12 at entry
24h range −0.49%…+0.50% · median −0.02%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$7.31
+0.07%
$Avg Daily PnL
+$4.72
+0.0472%
★Best Day
+$9.89
Nov 12
◎Open Interest
Variational$12.14M
Lighter$13.09M⚡Funding APR
+17.21%
annualized · funding only
⚠Execution Cost
−$6.84
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Variational$19.70MLighter$49.47MLoading 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 (−$6.84 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.