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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 ~0.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1768.98%
30d Period Avg+24.65%
swing±66.04%
LONG Lighter · now
+10.52%
30d avg:+0.74%
SHORT Coinbase International · nowROBO-PERP
+1779.50%
30d avg:+25.39%
Entry Spread Now
+4.888%
In your favorL 0.009022 · S 0.009463+$488.81 if it converges
24h range −0.16%…+5.08% · median +2.74%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$184.11
+1.84%
$Avg Daily PnL
+$6.40
+0.0640%
★Best Day
+$38.03
Sep 26
◎Open Interest
Lighter$3.0K
Coinbase International$8.1K⚡Funding APR
+23.37%
annualized · funding only
⚠Execution Cost
−$8.00
entry + exit fees
⏱Payback
1.3d
to break even
◧24h Volume
Lighter$249Coinbase International$17.5KLoading 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 (−$8.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.