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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
−3.07%
7d Period Avg+3.29%
swing±5.33%
LONG Lighter · now
+3.51%
7d avg:+3.68%
SHORT TxFlow · now
+0.44%
7d avg:+6.97%
Entry Spread Now
−0.158%
Against youL ask 779.9400 · S bid 778.7100−$15.77 at entry
24h range −0.02%…+0.12% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$13.78
−0.14%
$Avg Daily PnL
+$0.90
+0.0090%
★Best Day
+$2.04
Oct 4
◎Open Interest
Lighter$6.16M
TxFlow$1.17M⚡Funding APR
+3.29%
annualized · funding only
⚠Execution Cost
−$20.09
entry + exit fees
⏱Payback
22.3d
to break even
◧24h Volume
Lighter$5.69MTxFlow$801.5KLoading 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 (−$20.09 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.