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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 ~91d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+1.22%
swing±19.73%
LONG Lighter · now
+10.52%
3d avg:+10.52%
SHORT Bybit · now
+10.96%
3d avg:+11.74%
Entry Spread Now
+0.826%
In your favorL 1.2110 · S 1.2210+$82.58 if it converges
24h range −0.96%…+2.50% · median +0.90%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$9.09
−0.09%
$Avg Daily PnL
+$0.64
+0.0064%
★Best Day
+$3.58
Oct 1
◎Open Interest
Lighter$228.9K
Bybit$4.55M⚡Funding APR
+2.33%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
17.2d
to break even
◧24h Volume
Lighter$2.9KBybit$3.35MLoading 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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.