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updated 6:39:42 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.46%
1d Period Avg+39.30%
LONG Lighter · now
−3.51%
1d avg:−28.34%
SHORT Bybit · now
+10.96%
1d avg:+10.96%
Entry Spread Now
+0.064%
In your favorL 1.4041 · S 1.4050+$6.41 if it converges
24h range −0.06%…+0.12% · median +0.05%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$0.28
+0.00%
$Avg Daily PnL
+$5.36
+0.0536%
★Best Day
+$8.77
Aug 17
◎Open Interest
Lighter$611.0K
Bybit$15.24M⚡Funding APR
+19.56%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Lighter$74.2KBybit$3.22MLoading 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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.