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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 ~9.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.89%
7d Period Avg+13.05%
swing±131.03%
LONG KuCoin · nowTRXUSDTM
+2.63%
7d avg:−49.30%
SHORT Lighter · now
+10.52%
7d avg:−36.25%
Entry Spread Now
+0.003%
NeutralL 0.3106 · S 0.3106
24h range −0.60%…+1.01% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Sparse settlements: long 43%, short 99% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$9.97
+0.10%
$Avg Daily PnL
+$4.40
+0.0440%
★Best Day
+$30.16
Oct 30
◎Open Interest
KuCoin$17.04M
Lighter$494.8K⚡Funding APR
+16.08%
annualized · funding only
⚠Execution Cost
−$20.86
entry + exit fees
⏱Payback
4.7d
to break even
◧24h Volume
KuCoin$31.35MLighter$5.78MLoading 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 (−$20.86 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.