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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.91%
3d Period Avg+4.76%
swing±4.32%
LONG Pionex · nowSPYX_USDT_PERP
−2.41%
3d avg:−0.38%
SHORT Lighter · now
+3.51%
3d avg:+4.38%
Entry Spread Now
+0.014%
In your favorL ask 770.0800 · S bid 770.1900+$1.43 at entry
24h range −0.03%…+0.06% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$7.85
−0.08%
$Avg Daily PnL
+$1.37
+0.0137%
★Best Day
+$2.25
Sep 25
◎Open Interest
Pionex$1.06M
Lighter$7.38M⚡Funding APR
+5.02%
annualized · funding only
⚠Execution Cost
−$11.97
entry + exit fees
⏱Payback
8.7d
to break even
◧24h Volume
Pionex$767.9KLighter$3.12MLoading 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 (−$11.97 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.