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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 never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β10.52%
3d Period Avgβ0.04%
swingΒ±10.75%
LONG Lighter Β· now
+10.52%
3d avg:+0.24%
SHORT dYdX Β· now
+0.00%
3d avg:+0.20%
Entry Spread Now
+0.120%
In your favorL ask 1.3336 Β· S bid 1.3352+$12.01 at entry
24h range β0.16%β¦+0.06% Β· median β0.07%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$40.26
β0.40%
$Avg Daily PnL
β$0.01
β0.0001%
β
Best Day
+$2.66
Oct 13
βOpen Interest
Lighter$2.66M
dYdX$619.0Kβ‘Funding APR
β0.04%
annualized Β· funding only
β Execution Cost
β$40.23
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Lighter$5.25MdYdX$50.3KLoading 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$40.23 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.