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updated 8:38:10 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+48.65%
3d Period Avg+36.02%
LONG Lighter · now
−37.69%
3d avg:−33.07%
SHORT Bybit · now
+10.96%
3d avg:+2.95%
Entry Spread Now
+0.021%
Eaten by executionL 1.3957 · S 1.3960+$2.15 if it converges
24h range −0.06%…+0.12% · median +0.04%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$13.10
+0.13%
$Avg Daily PnL
+$6.03
+0.0603%
★Best Day
+$10.77
Aug 16
◎Open Interest
Lighter$645.2K
Bybit$15.10M⚡Funding APR
+21.99%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Lighter$160.9KBybit$3.25MLoading 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.