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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%
7d Period Avg+15.38%
swing±20.13%
LONG Variational · now
+10.96%
7d avg:+6.64%
SHORT Lighter · now
+10.52%
7d avg:+22.02%
Entry Spread Now
+0.163%
In your favorL 0.5023 · S 0.5031+$16.32 if it converges
24h range −0.92%…+0.68% · median +0.13%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$29.25
+0.29%
$Avg Daily PnL
+$4.18
+0.0418%
★Best Day
+$9.65
Sep 27
◎Open Interest
Variational$1.48M
Lighter$1.07M⚡Funding APR
+15.25%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$1.75MLighter$1.36MLoading 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.