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updated —WLD Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+36.38%
3d Period Avg+9.09%
swing±14.21%
LONG Lighter · now
−25.42%
3d avg:−0.19%
SHORT Phemex · now
+10.96%
3d avg:+8.90%
Entry Spread Now
+0.104%
In your favorL 0.2790 · S 0.2793+$10.39 if it converges
24h range −0.31%…+0.52% · median +0.05%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$3.74
−0.04%
$Avg Daily PnL
+$2.75
+0.0275%
★Best Day
+$5.44
Nov 14
◎Open Interest
Lighter$2.44M
Phemex$1.34M⚡Funding APR
+10.05%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
4.4d
to break even
◧24h Volume
Lighter$565.9KPhemex$2.74MLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.