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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−4.28%
3d Period Avg+1.62%
swing±9.22%
LONG Lighter · nowSPCX-USDC
+3.51%
3d avg:+4.19%
SHORT Pionex · nowSPCX_USDT_PERP
−0.78%
3d avg:+5.81%
Entry Spread Now
+0.055%
In your favorL 149.7000 · S 149.7822+$5.49 if it converges
24h range +0.02%…+0.20% · median +0.04%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$9.01
−0.09%
$Avg Daily PnL
+$0.55
+0.0055%
★Best Day
+$2.88
Sep 25
◎Open Interest
Lighter$1.40M
Pionex$4.81M⚡Funding APR
+2.02%
annualized · funding only
⚠Execution Cost
−$10.67
entry + exit fees
⏱Payback
19.3d
to break even
◧24h Volume
Lighter$2.22MPionex$786.1KLoading 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 (−$10.67 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.