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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+8.96%
swing±6.94%
LONG Lighter Robinhood · nowAMZN-USDG
+7.01%
3d avg:+3.51%
SHORT Lighter · now
+4.38%
3d avg:+12.47%
Entry Spread Now
−0.020%
Against youL ask 245.0300 · S bid 244.9800−$2.04 at entry
24h range −0.43%…+1.16% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$4.44
+0.04%
$Avg Daily PnL
+$2.45
+0.0245%
★Best Day
+$3.05
Oct 27
◎Open Interest
Lighter Robinhood$6.31M
Lighter$5.30M⚡Funding APR
+8.95%
annualized · funding only
⚠Execution Cost
−$2.92
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
Lighter Robinhood$28.62MLighter$19.35MLoading 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 (−$2.92 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.