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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
−3.28%
7d Period Avg+5.24%
swing±11.01%
LONG Lighter · nowSPCX-USDC
+3.51%
7d avg:+5.30%
SHORT Pionex · nowSPCX_USDT_PERP
+0.23%
7d avg:+10.54%
Entry Spread Now
+0.064%
In your favorL 149.4500 · S 149.5455+$6.39 if it converges
24h range +0.02%…+0.09% · median +0.04%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$0.08
+0.00%
$Avg Daily PnL
+$1.54
+0.0154%
★Best Day
+$5.69
Sep 25
◎Open Interest
Lighter$1.43M
Pionex$4.84M⚡Funding APR
+5.61%
annualized · funding only
⚠Execution Cost
−$10.67
entry + exit fees
⏱Payback
6.9d
to break even
◧24h Volume
Lighter$1.92MPionex$640.8KLoading 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.