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updated —SNDK Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~28d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+14.80%
swing±14.75%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Lighter · now
+3.51%
3d avg:+14.80%
Entry Spread Now
+6.235%
In your favorL ask 865.3000 · S bid 919.2500+$623.48 at entry
24h range −1.08%…+0.24% · median −0.06%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$14.72
−0.15%
$Avg Daily PnL
+$4.03
+0.0403%
★Best Day
+$6.03
Nov 12
◎Open Interest
Phemex$2.29M
Lighter$2.72M⚡Funding APR
+14.72%
annualized · funding only
⚠Execution Cost
−$26.82
entry + exit fees
⏱Payback
6.7d
to break even
◧24h Volume
Phemex$1.59MLighter$13.23MLoading 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 (−$26.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.