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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%
7d Period Avg+11.79%
swing±36.51%
LONG Variational · nowCL
+0.00%
7d avg:−51.68%
SHORT Lighter · now
+3.51%
7d avg:−39.89%
Entry Spread Now
−0.363%
Against youL ask 87.5791 · S bid 87.2610−$36.32 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
+$16.52
+0.17%
$Avg Daily PnL
+$3.21
+0.0321%
★Best Day
+$6.15
Nov 12
◎Open Interest
Variational$9.18M
Lighter$3.51M⚡Funding APR
+11.73%
annualized · funding only
⚠Execution Cost
−$5.97
entry + exit fees
⏱Payback
1.9d
to break even
◧24h Volume
Variational$2.66MLighter$7.51MLoading 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.