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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
7d Period Avg+27.17%
swing±36.04%
LONG Pionex · nowUNI_USDT_PERP
+10.96%
7d avg:+8.69%
SHORT Lighter · now
+10.52%
7d avg:+35.86%
Entry Spread Now
+0.130%
In your favorL ask 9.5980 · S bid 9.6105+$13.02 at entry
24h range −0.44%…+0.60% · median +0.13%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$31.24
+0.31%
$Avg Daily PnL
+$7.44
+0.0744%
★Best Day
+$17.84
Sep 21
◎Open Interest
Pionex$1.62M
Lighter$4.94M⚡Funding APR
+27.15%
annualized · funding only
⚠Execution Cost
−$20.83
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
Pionex$8.63MLighter$4.64MLoading 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 (−$20.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.