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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~6.1d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+7.45%
7d Period Avgβ1.14%
swingΒ±8.95%
LONG Lighter Β· now
+3.51%
7d avg:+10.48%
SHORT TxFlow Β· now
+10.96%
7d avg:+9.34%
Entry Spread Now
β0.021%
Against youL ask 4,193.03 Β· S bid 4,192.16β$2.07 at entry
24h range β0.08%β¦+0.02% Β· median β0.03%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$14.73
β0.15%
$Avg Daily PnL
β$0.31
β0.0031%
β
Best Day
+$1.80
Oct 10
βOpen Interest
Lighter$14.81M
TxFlow$1.89Mβ‘Funding APR
β1.14%
annualized Β· funding only
β Execution Cost
β$12.55
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Lighter$4.22MTxFlow$2.14MLoading Cumulative PnLβ¦
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 (β$12.55 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.