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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.52%
3d Period Avg+9.66%
swing±83.33%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Lighter · now
+10.52%
3d avg:+9.66%
Entry Spread Now
−0.078%
Eaten by executionL 102.1500 · S 102.0700−$7.83 if it converges
24h range −0.72%…+0.46% · median −0.06%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$11.56
−0.12%
$Avg Daily PnL
+$4.48
+0.0448%
★Best Day
+$6.49
Oct 16
◎Open Interest
Phemex$2.37M
Lighter$1.66M⚡Funding APR
+16.34%
annualized · funding only
⚠Execution Cost
−$24.99
entry + exit fees
⏱Payback
5.6d
to break even
◧24h Volume
Phemex$67.58MLighter$7.10MLoading 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 (−$24.99 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.