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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%
7d Period Avg+9.94%
swing±56.03%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Lighter · now
+3.51%
7d avg:+9.94%
Entry Spread Now
+6.153%
In your favorL ask 865.9700 · S bid 919.2500+$615.26 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
−$8.86
−0.09%
$Avg Daily PnL
+$2.52
+0.0252%
★Best Day
+$6.03
Nov 12
◎Open Interest
Phemex$2.30M
Lighter$2.74M⚡Funding APR
+9.20%
annualized · funding only
⚠Execution Cost
−$26.50
entry + exit fees
⏱Payback
10.5d
to break even
◧24h Volume
Phemex$1.60MLighter$13.08MLoading 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 (−$26.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.