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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−40.24%
3d Period Avg+63.56%
swing±51.70%
LONG Crypto.com · nowSPXUSD-PERP
+50.76%
3d avg:−52.01%
SHORT Lighter · now
+10.52%
3d avg:+11.55%
Entry Spread Now
+0.210%
In your favorL 0.4376 · S 0.4385+$21.02 if it converges
24h range −0.80%…+1.29% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$42.21
+0.42%
$Avg Daily PnL
+$17.40
+0.1740%
★Best Day
+$21.48
Sep 29
◎Open Interest
Crypto.com$937
Lighter$214.7K⚡Funding APR
+63.52%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
13.7h
to break even
◧24h Volume
Crypto.com$223Lighter$166.5KLoading 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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.