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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~219d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+19.24%
swing±46.00%
LONG Lighter · now
+10.52%
3d avg:−8.28%
SHORT Variational · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.400%
In your favorL 0.1074 · S 0.1078+$40.05 if it converges
24h range −1.46%…+1.10% · median −0.05%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$10.60
−0.11%
$Avg Daily PnL
+$5.26
+0.0526%
★Best Day
+$13.30
Sep 25
◎Open Interest
Lighter$6.76M
Variational$4.45M⚡Funding APR
+19.21%
annualized · funding only
⚠Execution Cost
−$26.39
entry + exit fees
⏱Payback
5.0d
to break even
◧24h Volume
Lighter$3.64MVariational$4.10MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$26.39 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.