← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.52%
7d Period Avg+13.59%
swing±8.87%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Lighter · now
+10.52%
7d avg:+13.59%
Entry Spread Now
−0.078%
Against youL ask 63.8900 · S bid 63.8402−$7.79 at entry
24h range −0.17%…+0.02% · median −0.06%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$1.35
+0.01%
$Avg Daily PnL
+$3.72
+0.0372%
★Best Day
+$6.64
Sep 23
◎Open Interest
Phemex$1.47M
Lighter$4.99M⚡Funding APR
+13.58%
annualized · funding only
⚠Execution Cost
−$24.70
entry + exit fees
⏱Payback
6.6d
to break even
◧24h Volume
Phemex$191.4KLighter$6.20MLoading 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 (−$24.70 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.