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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−51.72%
3d Period Avg+26.95%
swing±52.10%
LONG Lighter · nowSKHYNIXUSD-USDC
+51.72%
3d avg:+22.65%
SHORT Toobit · nowSKHYNIX-SWAP-USDT
+0.00%
3d avg:+49.60%
Entry Spread Now
+9.674%
In your favorL ask 890.5230 · S bid 976.6700+$967.38 at entry
24h range −0.52%…+1.01% · median +0.08%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$13.46
−0.13%
$Avg Daily PnL
+$9.95
+0.0995%
★Best Day
+$9.13
Oct 19
◎Open Interest
Lighter$4.03M
Toobit—⚡Funding APR
+36.30%
annualized · funding only
⚠Execution Cost
−$43.30
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Lighter$12.42MToobit$93.52MLoading 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 (−$43.30 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.