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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.75%
3d Period Avg+3.57%
swing±5.37%
LONG Lighter Robinhood · nowAAPL-USDG
+1.75%
3d avg:−0.06%
SHORT Lighter · now
+3.51%
3d avg:+3.51%
Entry Spread Now
+0.046%
In your favorL 350.0400 · S 350.2020+$4.63 if it converges
24h range −0.14%…+0.25% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$2.93
+0.03%
$Avg Daily PnL
+$0.98
+0.0098%
★Best Day
+$2.07
Oct 29
◎Open Interest
Lighter Robinhood$10.20M
Lighter$6.40M⚡Funding APR
+3.56%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$24.45MLighter$14.79MLoading 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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.