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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 ~1.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.95%
3d Period Avg+19.53%
swing±30.26%
LONG Lighter · now
+10.52%
3d avg:+10.52%
SHORT Bybit · now
+48.47%
3d avg:+30.05%
Entry Spread Now
+0.379%
In your favorL 0.02641 · S 0.02651+$37.86 if it converges
24h range +0.04%…+0.53% · median +0.34%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$5.04
+0.05%
$Avg Daily PnL
+$5.35
+0.0535%
★Best Day
+$6.53
Sep 29
◎Open Interest
Lighter$75.7K
Bybit$1.12M⚡Funding APR
+19.52%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
Lighter$2.8KBybit$226.8KLoading 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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.