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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
−2.63%
3d Period Avg−2.27%
swing±6.05%
LONG Lighter Robinhood · nowAMZN-USDG
+3.51%
3d avg:+5.70%
SHORT Coinbase International · nowAMZN-PERP
+0.88%
3d avg:+3.43%
Entry Spread Now
−0.076%
Against youL ask 249.4800 · S bid 249.2900−$7.62 at entry
24h range −0.16%…+0.03% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$16.93
−0.17%
$Avg Daily PnL
−$0.62
−0.0062%
★Best Day
+$0.03
Sep 25
◎Open Interest
Lighter Robinhood$1.16M
Coinbase International$851.8K⚡Funding APR
−2.26%
annualized · funding only
⚠Execution Cost
−$15.07
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$1.72MCoinbase International$27.3KLoading 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 (−$15.07 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.