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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 ~2.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.08%
3d Period Avg+20.46%
swing±13.86%
LONG Lighter · now
+0.88%
3d avg:−9.50%
SHORT Variational · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.012%
NeutralL 4,183.35 · S 4,182.84
24h range −0.14%…+0.10% · median −0.00%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$11.00
+0.11%
$Avg Daily PnL
+$5.55
+0.0555%
★Best Day
+$6.32
Sep 29
◎Open Interest
Lighter$1.67M
Variational$11.37M⚡Funding APR
+20.25%
annualized · funding only
⚠Execution Cost
−$5.64
entry + exit fees
⏱Payback
1.0d
to break even
◧24h Volume
Lighter$369.6KVariational$24.7KLoading 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 (−$5.64 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.