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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+35.39%
swing±34.19%
LONG Variational · now
+10.96%
3d avg:+1.79%
SHORT Lighter · now
+10.52%
3d avg:+37.18%
Entry Spread Now
+1.435%
In your favorL 1.6225 · S 1.6458+$143.55 if it converges
24h range −0.54%…+1.31% · median +0.32%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$6.62
+0.07%
$Avg Daily PnL
+$9.55
+0.0955%
★Best Day
+$16.38
Sep 30
◎Open Interest
Variational$3.45M
Lighter$6.23M⚡Funding APR
+34.86%
annualized · funding only
⚠Execution Cost
−$22.03
entry + exit fees
⏱Payback
2.3d
to break even
◧24h Volume
Variational$935.9KLighter$1.15MLoading 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 (−$22.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.