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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+8.96%
swing±11.45%
LONG Variational · now
+10.96%
3d avg:+1.56%
SHORT Lighter · now
+10.52%
3d avg:+10.52%
Entry Spread Now
+0.194%
In your favorL 0.4960 · S 0.4970+$19.35 if it converges
24h range −0.92%…+0.68% · median +0.12%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$7.15
+0.07%
$Avg Daily PnL
+$2.38
+0.0238%
★Best Day
+$3.18
Sep 30
◎Open Interest
Variational$1.51M
Lighter$1.15M⚡Funding APR
+8.70%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$1.57MLighter$1.35MLoading 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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.