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updated —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
−0.44%
7d Period Avg+32.63%
swing±47.64%
LONG Variational · now
+10.96%
7d avg:+30.75%
SHORT Lighter · now
+10.52%
7d avg:+63.38%
Entry Spread Now
+0.126%
In your favorL 0.5696 · S 0.5704+$12.64 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
+$62.53
+0.63%
$Avg Daily PnL
+$8.93
+0.0893%
★Best Day
+$20.82
Sep 21
◎Open Interest
Variational$1.97M
Lighter$1.78M⚡Funding APR
+32.60%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$3.97MLighter$1.25MLoading 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.