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updated 1:05:20 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.18%
1d Period Avg+80.91%
LONG Lighter · now
−0.88%
1d avg:−6.50%
SHORT Bullet · now
−0.70%
1d avg:+74.41%
Entry Spread Now
−0.046%
Eaten by executionL 1.1415 · S 1.1410−$4.61 if it converges
24h range −0.42%…+0.40% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
+$8.89
+0.09%
$Avg Daily PnL
+$11.06
+0.1106%
★Best Day
+$13.65
Jul 20
◎Open Interest
Lighter$4.61M
Bullet$25.0K⚡Funding APR
+40.35%
annualized · funding only
⚠Execution Cost
−$13.22
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
Lighter$3.66MBullet$12.5KLoading 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 (−$13.22 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.