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updated —AAPL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~16d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+18.08%
swing±10.99%
LONG Bybit · now
+0.00%
3d avg:−14.42%
SHORT Lighter Robinhood · nowAAPL-USDG
+3.51%
3d avg:+3.66%
Entry Spread Now
−0.042%
Against youL ask 356.9200 · S bid 356.7700−$4.20 at entry
24h range −0.11%…+0.08% · median −0.06%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$0.90
−0.01%
$Avg Daily PnL
+$4.73
+0.0473%
★Best Day
+$7.21
Nov 12
◎Open Interest
Bybit$28.67M
Lighter Robinhood$5.03M⚡Funding APR
+17.26%
annualized · funding only
⚠Execution Cost
−$15.09
entry + exit fees
⏱Payback
3.2d
to break even
◧24h Volume
Bybit$14.62MLighter Robinhood$17.85MLoading 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 (−$15.09 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.