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updated 11:33:03 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+53.91%
1d Period Avg+20.67%
swing±9.79%
LONG Lighter · nowUS500-USDC
−42.95%
1d avg:−10.59%
SHORT Pacifica · now
+10.96%
1d avg:+10.08%
Entry Spread Now
−0.106%
Against youL ask 7,649.3 · S bid 7,641.2−$10.59 at entry
24h range −0.17%…+0.08% · median −0.03%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.040%
Loading Funding History…
↗Total PnL
−$16.43
−0.16%
$Avg Daily PnL
+$5.66
+0.0566%
★Best Day
+$5.66
Sep 18
◎Open Interest
Lighter$1.77M
Pacifica$290.1K⚡Funding APR
+20.65%
annualized · funding only
⚠Execution Cost
−$22.09
entry + exit fees
⏱Payback
3.9d
to break even
◧24h Volume
Lighter$13.97MPacifica$188.5KLoading 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 (−$22.09 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.