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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 ~1.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+38.13%
7d Period Avg+11.96%
swing±14.00%
LONG Lighter · now
−27.17%
7d avg:−1.88%
SHORT Phemex · now
+10.96%
7d avg:+10.08%
Entry Spread Now
−0.021%
Eaten by executionL 0.2807 · S 0.2806−$2.14 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
+$9.09
+0.09%
$Avg Daily PnL
+$3.01
+0.0301%
★Best Day
+$5.46
Nov 14
◎Open Interest
Lighter$2.45M
Phemex$1.34M⚡Funding APR
+11.00%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
4.0d
to break even
◧24h Volume
Lighter$562.0KPhemex$2.73MLoading 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.