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updated —SKHYNIX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~17d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+5.46%
swing±106.55%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Lighter · nowSKHYNIXUSD-USDC
+3.51%
3d avg:+5.46%
Entry Spread Now
−0.220%
Against youL 885.7200 · S 883.7730−$21.98 if it converges
24h range −0.42%…+0.20% · median −0.21%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$8.39
−0.08%
$Avg Daily PnL
+$2.50
+0.0250%
★Best Day
+$8.62
Nov 12
◎Open Interest
Phemex$1.37M
Lighter$3.24M⚡Funding APR
+9.14%
annualized · funding only
⚠Execution Cost
−$15.90
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Phemex$4.50MLighter$5.86MLoading 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 (−$15.90 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.