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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β1.31%
3d Period Avgβ3.46%
swingΒ±4.93%
LONG Lighter Β· now
+3.51%
3d avg:+10.75%
SHORT TxFlow Β· now
+2.19%
3d avg:+7.29%
Entry Spread Now
β0.238%
Against youL ask 60.8448 Β· S bid 60.7000β$23.80 at entry
24h range β0.06%β¦+0.20% Β· median β0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$17.66
β0.18%
$Avg Daily PnL
β$0.95
β0.0095%
β
Best Day
β$0.03
Oct 10
βOpen Interest
Lighter$4.87M
TxFlow$824.0Kβ‘Funding APR
β3.46%
annualized Β· funding only
β Execution Cost
β$14.81
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Lighter$1.95MTxFlow$1.41MLoading Cumulative PnLβ¦
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 (β$14.81 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.