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updated —ZEC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~82d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
7d Period Avg+4.95%
swing±8.87%
LONG Lighter · now
+10.52%
7d avg:+6.01%
SHORT Variational · now
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.575%
Against youL ask 909.3730 · S bid 904.1470−$57.47 at entry
24h range −1.30%…+0.37% · median −0.17%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$0.72
+0.01%
$Avg Daily PnL
+$1.51
+0.0151%
★Best Day
+$4.89
Nov 8
◎Open Interest
Lighter$9.45M
Variational$13.36M⚡Funding APR
+5.51%
annualized · funding only
⚠Execution Cost
−$9.85
entry + exit fees
⏱Payback
6.5d
to break even
◧24h Volume
Lighter$28.40MVariational$24.06MLoading Cumulative PnL…
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 (−$9.85 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.