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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%
7d Period Avg+13.96%
swing±25.97%
LONG Pionex · nowTAO_USDT_PERP
+10.96%
7d avg:+11.50%
SHORT Lighter · now
+10.52%
7d avg:+25.46%
Entry Spread Now
−0.277%
Against youL 318.9800 · S 318.0950−$27.74 if it converges
24h range −0.14%…+0.51% · median +0.12%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$16.75
+0.17%
$Avg Daily PnL
+$3.82
+0.0382%
★Best Day
+$11.72
Sep 22
◎Open Interest
Pionex$1.10M
Lighter$1.30M⚡Funding APR
+13.95%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Pionex$3.74MLighter$1.96MLoading 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.