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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 ~6.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+14.75%
swing±24.16%
LONG Variational · nowCL
+0.00%
3d avg:−48.43%
SHORT Lighter · now
+3.51%
3d avg:−33.68%
Entry Spread Now
−0.353%
Against youL ask 87.5700 · S bid 87.2610−$35.29 at entry
24h range −0.21%…+0.07% · median −0.02%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$5.18
+0.05%
$Avg Daily PnL
+$3.72
+0.0372%
★Best Day
+$6.15
Nov 12
◎Open Interest
Variational$9.18M
Lighter$3.51M⚡Funding APR
+13.56%
annualized · funding only
⚠Execution Cost
−$5.97
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
Variational$2.68MLighter$7.54MLoading 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 (−$5.97 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.