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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
−2.02%
3d Period Avg+3.58%
swing±22.06%
LONG Ondo · nowAMZN-USD.P
+5.52%
3d avg:+3.95%
SHORT Lighter · now
+3.51%
3d avg:+7.53%
Entry Spread Now
+0.067%
In your favorL ask 249.1900 · S bid 249.3570+$6.70 at entry
24h range +0.03%…+0.13% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$9.82
−0.10%
$Avg Daily PnL
+$1.19
+0.0119%
★Best Day
+$3.57
Sep 25
◎Open Interest
Ondo$1.35M
Lighter$678.2K⚡Funding APR
+4.33%
annualized · funding only
⚠Execution Cost
−$13.38
entry + exit fees
⏱Payback
11.3d
to break even
◧24h Volume
Ondo$311.9KLighter$852.7KLoading 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 (−$13.38 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.