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updated —WTI Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.96%
3d Period Avg+46.18%
swing±50.20%
LONG Lighter · now
+3.51%
3d avg:−38.28%
SHORT Phemex · nowXTIUSDT
+9.47%
3d avg:+7.90%
Entry Spread Now
+0.326%
In your favorL 87.5450 · S 87.8300+$32.55 if it converges
24h range +0.09%…+0.65% · median +0.35%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$21.21
+0.21%
$Avg Daily PnL
+$11.52
+0.1152%
★Best Day
+$16.46
Nov 11
◎Open Interest
Lighter$3.51M
Phemex$942.2K⚡Funding APR
+42.06%
annualized · funding only
⚠Execution Cost
−$13.36
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
Lighter$7.55MPhemex$87.8KLoading 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 (−$13.36 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.