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updated —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
+9.20%
7d Period Avg+36.65%
swing±43.26%
LONG Variational · now
+10.96%
7d avg:+7.36%
SHORT Lighter · now
+20.16%
7d avg:+44.01%
Entry Spread Now
+0.203%
In your favorL 0.5480 · S 0.5491+$20.26 if it converges
24h range −1.25%…+0.83% · median +0.07%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$62.61
+0.63%
$Avg Daily PnL
+$10.03
+0.1003%
★Best Day
+$19.44
Sep 26
◎Open Interest
Variational$5.19M
Lighter$7.51M⚡Funding APR
+36.62%
annualized · funding only
⚠Execution Cost
−$7.62
entry + exit fees
⏱Payback
18.2h
to break even
◧24h Volume
Variational$10.72MLighter$5.55MLoading 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 (−$7.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.