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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 ~3.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+8.56%
swing±13.07%
LONG Variational · now
+0.00%
3d avg:+6.24%
SHORT Lighter · now
+3.51%
3d avg:+14.80%
Entry Spread Now
+0.006%
NeutralL 865.2900 · S 865.3400
24h range −1.30%…+0.76% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$3.82
+0.04%
$Avg Daily PnL
+$2.44
+0.0244%
★Best Day
+$4.10
Nov 13
◎Open Interest
Variational$2.56M
Lighter$2.71M⚡Funding APR
+8.91%
annualized · funding only
⚠Execution Cost
−$3.51
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Variational$2.72MLighter$13.16MLoading 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 (−$3.51 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.