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updated 4:32:14 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~91d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg−20.10%
LONG Lighter · now
+10.52%
3d avg:+36.57%
SHORT Bybit · now
+10.96%
3d avg:+16.47%
Entry Spread Now
+0.428%
In your favorL 0.02568 · S 0.02579+$42.83 if it converges
24h range −0.30%…+0.90% · median +0.18%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$13.92
−0.14%
$Avg Daily PnL
−$0.73
−0.0073%
★Best Day
+$2.71
Aug 17
◎Open Interest
Lighter$68.9K
Bybit$1.23M⚡Funding APR
−2.66%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$227.6KBybit$548.3KLoading 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.