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updated —VVV Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+65.31%
7d Period Avg+18.04%
swing±28.65%
LONG Lighter · now
−54.35%
7d avg:−7.08%
SHORT Phemex · now
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.055%
Eaten by executionL 18.2350 · S 18.2250−$5.48 if it converges
24h range −0.62%…+1.12% · median +0.00%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$15.10
−0.15%
$Avg Daily PnL
+$5.42
+0.0542%
★Best Day
+$12.93
Nov 12
◎Open Interest
Lighter$833.3K
Phemex$1.28M⚡Funding APR
+19.78%
annualized · funding only
⚠Execution Cost
−$53.04
entry + exit fees
⏱Payback
9.8d
to break even
◧24h Volume
Lighter$1.11MPhemex$1.39MLoading 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 (−$53.04 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.