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updated —TSLA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~78d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.54%
7d Period Avg+1.45%
swing±15.41%
LONG Pionex · nowTSLAX_USDT_PERP
+2.96%
7d avg:+1.31%
SHORT Lighter · now
+3.51%
7d avg:+2.76%
Entry Spread Now
+1.929%
In your favorL ask 389.3000 · S bid 396.8100+$192.91 at entry
24h range −0.91%…+1.00% · median −0.16%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$8.65
−0.09%
$Avg Daily PnL
+$0.41
+0.0041%
★Best Day
+$0.76
Nov 9
◎Open Interest
Pionex$1.48M
Lighter$3.49M⚡Funding APR
+1.50%
annualized · funding only
⚠Execution Cost
−$11.52
entry + exit fees
⏱Payback
28.1d
to break even
◧24h Volume
Pionex$2.48MLighter$8.97MLoading 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 (−$11.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.