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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β12.15%
7d Period Avg+13.81%
swingΒ±33.16%
LONG Lighter Β· now
+10.52%
7d avg:β15.14%
SHORT TxFlow Β· now
β1.63%
7d avg:β1.33%
Entry Spread Now
β0.031%
Against youL ask 110.1140 Β· S bid 110.0800β$3.09 at entry
24h range β0.26%β¦β0.02% Β· median β0.08%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
+$15.20
+0.15%
$Avg Daily PnL
+$3.78
+0.0378%
β
Best Day
+$15.61
Oct 8
βOpen Interest
Lighter$27.65M
TxFlow$650.3Kβ‘Funding APR
+13.80%
annualized Β· funding only
β Execution Cost
β$11.27
entry + exit fees
β±Payback
3.0d
to break even
β§24h Volume
Lighter$127.40MTxFlow$2.14MLoading Cumulative PnLβ¦
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 (β$11.27 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.