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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
7d Period Avg+28.54%
swing±42.05%
LONG Lighter · now
+10.52%
7d avg:+14.55%
SHORT Variational · now
+10.96%
7d avg:+43.09%
Entry Spread Now
+0.287%
In your favorL 0.2854 · S 0.2863+$28.73 if it converges
24h range −0.73%…+0.78% · median +0.00%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$55.40
+0.55%
$Avg Daily PnL
+$7.91
+0.0791%
★Best Day
+$23.79
Sep 22
◎Open Interest
Lighter$1.25M
Variational$1.22M⚡Funding APR
+28.89%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$109.1KVariational$1.04MLoading 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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.