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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.94%
3d Period Avg+37.53%
swing±45.85%
LONG Variational · now
+10.96%
3d avg:+24.77%
SHORT Lighter · now
+14.90%
3d avg:+62.30%
Entry Spread Now
+0.084%
In your favorL 0.5747 · S 0.5752+$8.35 if it converges
24h range −0.78%…+0.37% · median +0.00%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$29.59
+0.30%
$Avg Daily PnL
+$9.86
+0.0986%
★Best Day
+$13.69
Sep 25
◎Open Interest
Variational$1.92M
Lighter$1.80M⚡Funding APR
+36.00%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$4.04MLighter$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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.