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updated —XAU 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
−3.51%
7d Period Avg−0.66%
swing±4.50%
LONG Lighter · now
+3.51%
7d avg:+5.61%
SHORT grvt · nowXAU_USDT_Perp
+0.00%
7d avg:+4.95%
Entry Spread Now
−0.235%
Against youL ask 3,895.4 · S bid 3,886.25−$23.49 at entry
24h range −0.03%…+0.16% · median +0.10%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$12.06
−0.12%
$Avg Daily PnL
−$0.07
−0.0007%
★Best Day
+$1.14
Nov 13
◎Open Interest
Lighter$11.34M
grvt$920.4K⚡Funding APR
−0.27%
annualized · funding only
⚠Execution Cost
−$11.54
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$26.03Mgrvt$2.65MLoading 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 (−$11.54 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.