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updated —UNI Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~10d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.65%
7d Period Avg+14.66%
swing±14.68%
LONG Lighter · now
+10.52%
7d avg:+5.55%
SHORT Backpack · nowUNI_USDC_PERP
+14.17%
7d avg:+20.21%
Entry Spread Now
+0.188%
In your favorL 5.5272 · S 5.5376+$18.82 if it converges
24h range −0.28%…+0.35% · median +0.07%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$18.09
+0.18%
$Avg Daily PnL
+$4.01
+0.0401%
★Best Day
+$6.04
Nov 9
◎Open Interest
Lighter$684.2K
Backpack$740.9K⚡Funding APR
+14.65%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Lighter$1.18MBackpack$577.9KLoading 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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.