← Back to Screener
updated —PAXG Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.26%
3d Period Avg+4.56%
swing±11.24%
LONG Lighter · now
−12.27%
3d avg:+2.58%
SHORT Hotcoin · now
+3.99%
3d avg:+7.14%
Entry Spread Now
+0.036%
Eaten by executionL 3,895.13 · S 3,896.53+$3.59 if it converges
24h range −0.04%…+0.07% · median +0.03%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$8.51
−0.09%
$Avg Daily PnL
+$1.17
+0.0117%
★Best Day
+$2.68
Oct 31
◎Open Interest
Lighter$1.69M
Hotcoin$13.51M⚡Funding APR
+4.28%
annualized · funding only
⚠Execution Cost
−$12.03
entry + exit fees
⏱Payback
10.3d
to break even
◧24h Volume
Lighter$336.5KHotcoin$1.29MLoading 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 (−$12.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.