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updated 5:03:27 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+100.28%
30d Period Avg+9.88%
LONG Lighter · now
+10.52%
30d avg:+26.86%
SHORT Bybit · now
+110.80%
30d avg:+36.74%
Entry Spread Now
+0.037%
Eaten by executionL 2.7360 · S 2.7370+$3.65 if it converges
24h range −0.32%…+0.07% · median −0.04%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$62.51
+0.63%
$Avg Daily PnL
+$2.37
+0.0237%
★Best Day
+$17.01
Aug 6
◎Open Interest
Lighter$83.5K
Bybit$3.44M⚡Funding APR
+8.66%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
4.6d
to break even
◧24h Volume
Lighter$8.1KBybit$1.67MLoading 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.