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updated —PAXG Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~20d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.74%
3d Period Avg+7.92%
swing±2.17%
LONG Gate.io · now
+7.78%
3d avg:+2.60%
SHORT Lighter · now
+10.52%
3d avg:+10.52%
Entry Spread Now
−0.100%
Against youL 3,870.52 · S 3,866.64−$10.02 if it converges
24h range −0.12%…+0.07% · median −0.05%
Long pays every8hShort pays every1h
LONGmaker-0.010%/taker0.075%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$8.54
−0.09%
$Avg Daily PnL
+$2.15
+0.0215%
★Best Day
+$2.57
Nov 12
◎Open Interest
Gate.io$11.42M
Lighter$1.64M⚡Funding APR
+7.86%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
7.0d
to break even
◧24h Volume
Gate.io$3.08MLighter$838.4KLoading 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 (−$15.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.