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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%
7d Period Avg+28.38%
swing±124.30%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Lighter · nowSKHYNIXUSD-USDC
+3.51%
7d avg:+28.38%
Entry Spread Now
−0.238%
Against youL 885.7000 · S 883.5930−$23.79 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
+$36.13
+0.36%
$Avg Daily PnL
+$7.43
+0.0743%
★Best Day
+$42.61
Nov 9
◎Open Interest
Phemex$1.37M
Lighter$3.24M⚡Funding APR
+27.13%
annualized · funding only
⚠Execution Cost
−$15.90
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
Phemex$4.56MLighter$5.84MLoading 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.