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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.31%
7d Period Avg+0.32%
swing±6.88%
LONG Lighter · now
+3.51%
7d avg:+10.31%
SHORT TxFlow · now
+2.19%
7d avg:+10.63%
Entry Spread Now
−0.189%
Against youL ask 60.8448 · S bid 60.7300−$18.87 at entry
24h range −0.06%…+0.20% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$14.20
−0.14%
$Avg Daily PnL
+$0.09
+0.0009%
★Best Day
+$1.70
Oct 4
◎Open Interest
Lighter$4.88M
TxFlow$823.0K⚡Funding APR
+0.32%
annualized · funding only
⚠Execution Cost
−$14.81
entry + exit fees
⏱Payback
5.6mo
to break even
◧24h Volume
Lighter$2.58MTxFlow$1.48MLoading 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 (−$14.81 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.