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updated 12:55:59 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+50.40%
3d Period Avg+13.40%
swing±9.25%
LONG Lighter · nowUS500-USDC
−39.45%
3d avg:−2.74%
SHORT Pacifica · now
+10.96%
3d avg:+10.66%
Entry Spread Now
−0.061%
Against youL ask 7,648.1 · S bid 7,643.4−$6.15 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
−$13.94
−0.14%
$Avg Daily PnL
+$2.75
+0.0275%
★Best Day
+$5.66
Sep 18
◎Open Interest
Lighter$1.84M
Pacifica$290.0K⚡Funding APR
+10.05%
annualized · funding only
⚠Execution Cost
−$24.95
entry + exit fees
⏱Payback
9.1d
to break even
◧24h Volume
Lighter$13.76MPacifica$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 (−$24.95 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.