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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 ~7.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+3.30%
swing±1.03%
LONG Variational · now
+0.00%
7d avg:+0.25%
SHORT Lighter Robinhood · nowAAPL-USDG
+3.51%
7d avg:+3.55%
Entry Spread Now
−0.044%
Against youL ask 332.7180 · S bid 332.5700−$4.45 at entry
24h range −0.11%…+0.50% · median +0.02%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$0.84
−0.01%
$Avg Daily PnL
+$0.91
+0.0091%
★Best Day
+$0.96
Sep 25
◎Open Interest
Variational$2.31M
Lighter Robinhood$2.42M⚡Funding APR
+3.31%
annualized · funding only
⚠Execution Cost
−$7.18
entry + exit fees
⏱Payback
7.9d
to break even
◧24h Volume
Variational$1.90MLighter Robinhood$9.39MLoading 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 (−$7.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.