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updated —TRX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~36d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.63%
3d Period Avg+47.77%
swing±175.97%
LONG KuCoin · nowTRXUSDTM
+7.89%
3d avg:−124.61%
SHORT Lighter · now
+10.52%
3d avg:−76.84%
Entry Spread Now
+0.010%
NeutralL 0.3103 · S 0.3103
24h range −0.57%…+1.01% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$4.93
+0.05%
$Avg Daily PnL
+$10.37
+0.1037%
★Best Day
+$30.16
Oct 30
◎Open Interest
KuCoin$17.01M
Lighter$490.0K⚡Funding APR
+37.86%
annualized · funding only
⚠Execution Cost
−$26.19
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
KuCoin$31.21MLighter$5.59MLoading 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 (−$26.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.