← Back to Screener
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%
7d Period Avg+0.87%
swing±5.87%
LONG Lighter Robinhood · nowAMZN-USDG
+3.51%
7d avg:+4.84%
SHORT Coinbase International · nowAMZN-PERP
+0.88%
7d avg:+5.71%
Entry Spread Now
−0.088%
Against youL ask 249.1700 · S bid 248.9500−$8.83 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
−$15.42
−0.15%
$Avg Daily PnL
+$0.24
+0.0024%
★Best Day
+$1.32
Sep 22
◎Open Interest
Lighter Robinhood$1.16M
Coinbase International$839.9K⚡Funding APR
+0.87%
annualized · funding only
⚠Execution Cost
−$17.09
entry + exit fees
⏱Payback
2.4mo
to break even
◧24h Volume
Lighter Robinhood$1.64MCoinbase International$26.3KLoading 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 (−$17.09 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.