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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 ~4.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.15%
7d Period Avg+8.19%
swing±12.92%
LONG Lighter · now
−13.15%
7d avg:+7.47%
SHORT grvt · nowTSLA_USDT_Perp
+0.00%
7d avg:+15.66%
Entry Spread Now
+0.062%
In your favorL ask 372.7500 · S bid 372.9800+$6.17 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
+$0.60
+0.01%
$Avg Daily PnL
+$2.15
+0.0215%
★Best Day
+$7.44
Sep 23
◎Open Interest
Lighter$983.7K
grvt$857.0K⚡Funding APR
+7.84%
annualized · funding only
⚠Execution Cost
−$14.44
entry + exit fees
⏱Payback
6.7d
to break even
◧24h Volume
Lighter$1.50Mgrvt$2.85MLoading 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 (−$14.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.