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updated —AMZN Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+2.35%
swing±2.73%
LONG Variational · now
+0.00%
3d avg:+1.37%
SHORT Lighter Robinhood · nowAMZN-USDG
+3.51%
3d avg:+3.72%
Entry Spread Now
−0.100%
Against youL ask 264.8550 · S bid 264.5900−$10.01 at entry
24h range −0.32%…+0.12% · median −0.07%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$3.77
−0.04%
$Avg Daily PnL
+$0.70
+0.0070%
★Best Day
+$0.64
Nov 11
◎Open Interest
Variational$1.52M
Lighter Robinhood$2.88M⚡Funding APR
+2.56%
annualized · funding only
⚠Execution Cost
−$5.87
entry + exit fees
⏱Payback
8.4d
to break even
◧24h Volume
Variational$3.99MLighter Robinhood$11.62MLoading 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 (−$5.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.