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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%
7d Period Avg+22.43%
swing±31.38%
LONG Variational · now
+10.96%
7d avg:+6.71%
SHORT Lighter · now
+10.52%
7d avg:+29.14%
Entry Spread Now
+0.509%
In your favorL 1.6527 · S 1.6611+$50.92 if it converges
24h range −0.54%…+1.31% · median +0.33%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$11.00
+0.11%
$Avg Daily PnL
+$6.03
+0.0603%
★Best Day
+$16.38
Sep 30
◎Open Interest
Variational$3.52M
Lighter$6.37M⚡Funding APR
+22.00%
annualized · funding only
⚠Execution Cost
−$31.20
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
Variational$888.1KLighter$1.13MLoading 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 (−$31.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.