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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 ~42d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+58.15%
3d Period Avg+48.26%
swing±38.28%
LONG Lighter · now
+10.52%
3d avg:+10.52%
SHORT Crypto.com · nowZKUSD-PERP
+68.67%
3d avg:+58.78%
Entry Spread Now
−0.030%
Eaten by executionL 0.01217 · S 0.01217−$3.04 if it converges
24h range −0.80%…+1.25% · median −0.00%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$625.48
−6.25%
$Avg Daily PnL
+$12.99
+0.1299%
★Best Day
+$13.84
Sep 30
◎Open Interest
⚡Funding APR
+47.42%
annualized · funding only
⚠Execution Cost
−$664.45
entry + exit fees
⏱Payback
1.7mo
to break even
◧24h Volume
Loading 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 (−$664.45 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.