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updated —PAXG Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+2.64%
swing±4.26%
LONG grvt · nowPAXG_USDT_Perp
+10.96%
3d avg:+7.88%
SHORT Lighter · now
+10.52%
3d avg:+10.52%
Entry Spread Now
−0.022%
Eaten by executionL 3,867.47 · S 3,866.64−$2.15 if it converges
24h range −0.06%…+0.15% · median +0.03%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$8.58
−0.09%
$Avg Daily PnL
+$0.72
+0.0072%
★Best Day
+$1.47
Nov 12
◎Open Interest
grvt$1.38M
Lighter$1.64M⚡Funding APR
+2.64%
annualized · funding only
⚠Execution Cost
−$10.75
entry + exit fees
⏱Payback
14.9d
to break even
◧24h Volume
grvt$1.77MLighter$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 (−$10.75 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.