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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 ~701d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.13%
7d Period Avg+32.93%
swing±144.90%
LONG BloFin · nowSAMSUNG-USDT
+3.38%
7d avg:−3.06%
SHORT Lighter · nowSAMSUNGUSD-USDC
+3.51%
7d avg:+29.87%
Entry Spread Now
−0.038%
Eaten by executionL 150.9900 · S 150.9320−$3.84 if it converges
24h range −0.44%…+0.60% · median +0.00%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$39.53
+0.40%
$Avg Daily PnL
+$9.21
+0.0921%
★Best Day
+$33.03
Nov 9
◎Open Interest
BloFin$1.01M
Lighter$2.01M⚡Funding APR
+33.63%
annualized · funding only
⚠Execution Cost
−$24.96
entry + exit fees
⏱Payback
2.7d
to break even
◧24h Volume
BloFin$320.2KLighter$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 (−$24.96 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.