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updated —SMSN Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~18d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+25.86%
swing±173.33%
LONG MEXC · nowSAMSUNGSTOCK_USDT
+0.00%
3d avg:−3.37%
SHORT Lighter · nowSAMSUNGUSD-USDC
+3.51%
3d avg:+22.49%
Entry Spread Now
−0.054%
Eaten by executionL 151.0200 · S 150.9390−$5.36 if it converges
24h range −0.42%…+0.85% · median +0.00%
Long pays every4hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$4.81
+0.05%
$Avg Daily PnL
+$7.26
+0.0726%
★Best Day
+$25.55
Nov 12
◎Open Interest
MEXC$3.15M
Lighter$2.02M⚡Funding APR
+26.49%
annualized · funding only
⚠Execution Cost
−$16.96
entry + exit fees
⏱Payback
2.3d
to break even
◧24h Volume
MEXC$13.88MLighter$1.68MLoading 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 (−$16.96 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.