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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 ~7.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.66%
3d Period Avg+5.82%
swing±5.45%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Lighter · now
+16.66%
3d avg:+5.82%
Entry Spread Now
−0.276%
Against youL ask 63.5300 · S bid 63.3545−$27.62 at entry
24h range −0.18%…+0.02% · median −0.05%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$26.66
−0.27%
$Avg Daily PnL
+$1.77
+0.0177%
★Best Day
+$3.31
Sep 25
◎Open Interest
⚡Funding APR
+6.45%
annualized · funding only
⚠Execution Cost
−$31.96
entry + exit fees
⏱Payback
18.1d
to break even
◧24h Volume
Loading 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 (−$31.96 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.