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updated 2:41:10 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+45.91%
30d Period Avg+1.25%
LONG Lighter · now
+10.52%
30d avg:+17.93%
SHORT Bybit · now
+56.43%
30d avg:+19.18%
Entry Spread Now
+0.507%
In your favorL 0.02566 · S 0.02579+$50.66 if it converges
24h range −0.30%…+0.90% · median +0.20%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$29.31
+0.29%
$Avg Daily PnL
+$1.30
+0.0130%
★Best Day
+$17.34
Aug 7
◎Open Interest
Lighter$68.8K
Bybit$1.24M⚡Funding APR
+4.75%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
8.5d
to break even
◧24h Volume
Lighter$227.9KBybit$545.0KLoading 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.