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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
−14.03%
7d Period Avg+3.11%
swing±5.98%
LONG Lighter · now
+14.03%
7d avg:+8.37%
SHORT grvt · nowXAU_USDT_Perp
+0.00%
7d avg:+11.48%
Entry Spread Now
+0.033%
In your favorL ask 4,268.13 · S bid 4,269.52+$3.26 at entry
24h range −0.00%…+0.10% · median +0.05%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$5.02
−0.05%
$Avg Daily PnL
+$0.92
+0.0092%
★Best Day
+$2.11
Sep 25
◎Open Interest
Lighter$18.54M
grvt$1.38M⚡Funding APR
+3.35%
annualized · funding only
⚠Execution Cost
−$11.44
entry + exit fees
⏱Payback
12.5d
to break even
◧24h Volume
Lighter$8.30Mgrvt$3.26MLoading 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 (−$11.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.