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updated 6:15:44 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+107.81%
3d Period Avg+90.61%
LONG Lighter · now
−59.61%
3d avg:−41.59%
SHORT BloFin · now
+48.20%
3d avg:+49.02%
Entry Spread Now
−0.043%
Eaten by executionL 0.3012 · S 0.3011−$4.32 if it converges
24h range −0.34%…+0.35% · median +0.03%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$64.19
+0.64%
$Avg Daily PnL
+$19.05
+0.1905%
★Best Day
+$24.98
Aug 15
◎Open Interest
Lighter$181.7K
BloFin$559.8K⚡Funding APR
+69.52%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
15.1h
to break even
◧24h Volume
Lighter$63.4KBloFin$226.7KLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.