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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+6.94%
swing±10.76%
LONG grvt · nowTAO_USDT_Perp
+10.96%
3d avg:+10.96%
SHORT Lighter · now
+10.52%
3d avg:+17.90%
Entry Spread Now
+0.188%
In your favorL 315.8366 · S 316.4300+$18.79 if it converges
24h range −0.35%…+0.33% · median +0.09%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$4.55
−0.05%
$Avg Daily PnL
+$1.82
+0.0182%
★Best Day
+$3.00
Sep 27
◎Open Interest
grvt$528.1K
Lighter$1.23M⚡Funding APR
+6.63%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
5.5d
to break even
◧24h Volume
grvt$743.9KLighter$2.09MLoading 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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.