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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 ~6.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.27%
7d Period Avg+24.79%
swing±12.12%
LONG Lighter · now
+10.52%
7d avg:+10.52%
SHORT Coinbase International · nowSUI-PERP
+22.79%
7d avg:+35.31%
Entry Spread Now
+0.033%
Eaten by executionL 1.2602 · S 1.2606+$3.25 if it converges
24h range −0.46%…+1.90% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$24.34
+0.24%
$Avg Daily PnL
+$6.79
+0.0679%
★Best Day
+$9.16
Sep 27
◎Open Interest
Lighter$1.23M
Coinbase International$1.17M⚡Funding APR
+24.78%
annualized · funding only
⚠Execution Cost
−$23.18
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Lighter$1.97MCoinbase International$5.83MLoading 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 (−$23.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.