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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 ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.14%
7d Period Avg+2.19%
swing±8.05%
LONG Lighter Robinhood · nowAAPL-USDG
−2.63%
7d avg:+0.07%
SHORT Lighter · now
+3.51%
7d avg:+2.26%
Entry Spread Now
+0.058%
In your favorL ask 349.5500 · S bid 349.7540+$5.84 at entry
24h range −0.14%…+0.25% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$1.53
+0.02%
$Avg Daily PnL
+$0.60
+0.0060%
★Best Day
+$1.87
Oct 29
◎Open Interest
Lighter Robinhood$10.30M
Lighter$6.35M⚡Funding APR
+2.19%
annualized · funding only
⚠Execution Cost
−$2.67
entry + exit fees
⏱Payback
4.5d
to break even
◧24h Volume
Lighter Robinhood$25.07MLighter$15.20MLoading 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 (−$2.67 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.