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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+7.03%
swing±10.77%
LONG Pionex · nowTAO_USDT_PERP
+10.96%
3d avg:+10.87%
SHORT Lighter · now
+10.52%
3d avg:+17.90%
Entry Spread Now
+0.122%
In your favorL 315.7421 · S 316.1270+$12.19 if it converges
24h range −0.28%…+0.51% · median +0.11%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$4.48
−0.04%
$Avg Daily PnL
+$1.84
+0.0184%
★Best Day
+$3.07
Sep 27
◎Open Interest
Pionex$1.11M
Lighter$1.23M⚡Funding APR
+6.71%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
5.4d
to break even
◧24h Volume
Pionex$3.94MLighter$2.10MLoading 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.