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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%
7d Period Avg+8.76%
swingΒ±12.02%
LONG Lighter Β· now
+10.52%
7d avg:β8.83%
SHORT dYdX Β· now
+0.00%
7d avg:β0.07%
Entry Spread Now
β0.187%
Against youL ask 1.3336 Β· S bid 1.3311β$18.74 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$25.83
β0.26%
$Avg Daily PnL
+$2.40
+0.0240%
β
Best Day
+$4.74
Oct 9
βOpen Interest
Lighter$2.68M
dYdX$617.6Kβ‘Funding APR
+8.76%
annualized Β· funding only
β Execution Cost
β$42.62
entry + exit fees
β±Payback
17.8d
to break even
β§24h Volume
Lighter$5.78MdYdX$69.8KLoading 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$42.62 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.