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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
−3.70%
7d Period Avg+3.19%
swing±6.66%
LONG Pionex · nowSPYX_USDT_PERP
−1.56%
7d avg:+1.78%
SHORT Lighter · now
−5.26%
7d avg:+4.97%
Entry Spread Now
+0.017%
In your favorL ask 769.6600 · S bid 769.7900+$1.69 at entry
24h range −0.02%…+0.06% · median +0.02%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$1.25
+0.01%
$Avg Daily PnL
+$1.82
+0.0182%
★Best Day
+$6.86
Sep 21
◎Open Interest
Pionex$1.06M
Lighter$7.27M⚡Funding APR
+6.63%
annualized · funding only
⚠Execution Cost
−$11.47
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Pionex$753.0KLighter$2.65MLoading 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 (−$11.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.