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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 ~8.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.45%
7d Period Avg+5.03%
swing±5.01%
LONG Lighter · now
+3.51%
7d avg:+3.61%
SHORT TxFlow · now
+10.96%
7d avg:+8.64%
Entry Spread Now
−0.280%
Against youL ask 753.5500 · S bid 751.4400−$28.00 at entry
24h range −0.16%…+0.17% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$7.58
−0.08%
$Avg Daily PnL
+$1.38
+0.0138%
★Best Day
+$2.04
Oct 4
◎Open Interest
Lighter$4.89M
TxFlow$632.1K⚡Funding APR
+5.03%
annualized · funding only
⚠Execution Cost
−$17.22
entry + exit fees
⏱Payback
12.5d
to break even
◧24h Volume
Lighter$5.68MTxFlow$1.07MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$17.22 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.