← Back to Screener
updated —TAO Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~16d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.48%
7d Period Avg+20.57%
swing±23.60%
LONG Phemex · now
+6.04%
7d avg:−11.95%
SHORT Lighter · now
+10.52%
7d avg:+8.62%
Entry Spread Now
+0.062%
Eaten by executionL 208.0000 · S 208.1280+$6.15 if it converges
24h range −0.32%…+0.42% · median −0.01%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$19.83
+0.20%
$Avg Daily PnL
+$5.61
+0.0561%
★Best Day
+$16.05
Nov 8
◎Open Interest
Phemex$2.33M
Lighter$481.2K⚡Funding APR
+20.47%
annualized · funding only
⚠Execution Cost
−$19.42
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Phemex$7.45MLighter$247.6KLoading 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 (−$19.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.