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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%
7d Period Avg+9.90%
swing±56.77%
LONG Variational · now
+0.00%
7d avg:+0.04%
SHORT Lighter · now
+3.51%
7d avg:+9.94%
Entry Spread Now
+0.025%
In your favorL 864.6620 · S 864.8800+$2.52 if it converges
24h range −1.30%…+0.76% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$14.05
+0.14%
$Avg Daily PnL
+$2.51
+0.0251%
★Best Day
+$8.59
Nov 8
◎Open Interest
Variational$2.56M
Lighter$2.73M⚡Funding APR
+9.16%
annualized · funding only
⚠Execution Cost
−$3.51
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Variational$2.83MLighter$13.06MLoading 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.