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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 ~3.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.16%
7d Period Avg+9.57%
swing±6.82%
LONG Lighter Robinhood · nowAAPL-USDG
+3.51%
7d avg:+3.51%
SHORT Coinbase International · nowAAPL-PERP
+23.67%
7d avg:+13.08%
Entry Spread Now
−0.068%
Against youL ask 339.6000 · S bid 339.3700−$6.77 at entry
24h range −0.09%…+0.05% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$0.44
+0.00%
$Avg Daily PnL
+$2.62
+0.0262%
★Best Day
+$4.29
Sep 26
◎Open Interest
Lighter Robinhood$2.20M
Coinbase International$613.2K⚡Funding APR
+9.56%
annualized · funding only
⚠Execution Cost
−$18.78
entry + exit fees
⏱Payback
7.2d
to break even
◧24h Volume
Lighter Robinhood$5.36MCoinbase International$1.1KLoading 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 (−$18.78 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.