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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 ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+33.75%
7d Period Avg+18.76%
swing±26.33%
LONG Pionex · nowONDO_USDT_PERP
+10.96%
7d avg:+10.96%
SHORT Lighter · now
+44.71%
7d avg:+29.72%
Entry Spread Now
+0.131%
In your favorL 0.5549 · S 0.5557+$13.06 if it converges
24h range −0.42%…+0.60% · median +0.12%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$24.16
+0.24%
$Avg Daily PnL
+$5.14
+0.0514%
★Best Day
+$15.30
Sep 21
◎Open Interest
Pionex$3.04M
Lighter$1.25M⚡Funding APR
+18.75%
annualized · funding only
⚠Execution Cost
−$11.80
entry + exit fees
⏱Payback
2.3d
to break even
◧24h Volume
Pionex$4.74MLighter$1.66MLoading 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 (−$11.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.