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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.27%
3d Period Avg−1.39%
swing±3.44%
LONG Lighter · now
+3.51%
3d avg:+6.04%
SHORT grvt · nowTSLA_USDT_Perp
+23.78%
3d avg:+4.65%
Entry Spread Now
+0.043%
In your favorL ask 372.7900 · S bid 372.9500+$4.29 at entry
24h range +0.01%…+0.21% · median +0.05%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.41
−0.15%
$Avg Daily PnL
+$0.02
+0.0002%
★Best Day
+$1.04
Sep 26
◎Open Interest
Lighter$841.0K
grvt$847.8K⚡Funding APR
+0.06%
annualized · funding only
⚠Execution Cost
−$15.46
entry + exit fees
⏱Payback
30.9mo
to break even
◧24h Volume
Lighter$1.80Mgrvt$3.07MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$15.46 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.