← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+55.81%
3d Period Avg−15.56%
swing±19.47%
LONG Phoenix · now
+0.29%
3d avg:+41.66%
SHORT Lighter · now
+56.10%
3d avg:+26.10%
Entry Spread Now
−4.502%
Against youL ask 0.5569 · S bid 0.5318−$450.17 at entry
24h range −2.97%…+4.80% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$62.86
−0.63%
$Avg Daily PnL
−$4.08
−0.0408%
★Best Day
−$1.31
Sep 29
◎Open Interest
Phoenix$177.5K
Lighter$8.43M⚡Funding APR
−14.87%
annualized · funding only
⚠Execution Cost
−$50.63
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Phoenix—Lighter$4.66MLoading 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 (−$50.63 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.