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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−34.71%
7d Period Avg+1.67%
swing±37.23%
LONG Lighter Robinhood · nowAMD-USDG
−17.53%
7d avg:+5.50%
SHORT Ondo · nowAMD-USD.P
−52.25%
7d avg:+7.17%
Entry Spread Now
−0.152%
Against youL ask 632.1300 · S bid 631.1700−$15.19 at entry
24h range −0.16%…+0.02% · median −0.10%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$14.93
−0.15%
$Avg Daily PnL
+$0.46
+0.0046%
★Best Day
+$2.67
Sep 21
◎Open Interest
Lighter Robinhood$670.7K
Ondo$1.14M⚡Funding APR
+1.66%
annualized · funding only
⚠Execution Cost
−$18.12
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
Lighter Robinhood$1.45MOndo$86.4KLoading 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 (−$18.12 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.