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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.21%
7d Period Avg+8.52%
swing±2.82%
LONG Gate.io · now
+11.72%
7d avg:+1.72%
SHORT Lighter · now
+10.52%
7d avg:+10.24%
Entry Spread Now
−0.095%
Against youL 3,871.39 · S 3,867.7−$9.53 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
+$1.25
+0.01%
$Avg Daily PnL
+$2.32
+0.0232%
★Best Day
+$2.88
Nov 9
◎Open Interest
Gate.io$11.42M
Lighter$1.66M⚡Funding APR
+8.47%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
6.5d
to break even
◧24h Volume
Gate.io$3.19MLighter$835.4KLoading 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.