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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 ~0.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+23.23%
7d Period Avg+13.61%
swing±16.27%
LONG Lighter · now
−12.27%
7d avg:−2.69%
SHORT Variational · now
+10.96%
7d avg:+10.92%
Entry Spread Now
−0.000%
NeutralL 4,181.86 · S 4,181.84
24h range −0.14%…+0.10% · median −0.00%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$20.69
+0.21%
$Avg Daily PnL
+$3.77
+0.0377%
★Best Day
+$7.28
Sep 28
◎Open Interest
Lighter$1.66M
Variational$11.36M⚡Funding APR
+13.75%
annualized · funding only
⚠Execution Cost
−$5.67
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
Lighter$374.3KVariational$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 (−$5.67 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.