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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.75%
7d Period Avg+5.72%
swing±16.34%
LONG Lighter Robinhood · nowAMZN-USDG
+3.51%
7d avg:+3.41%
SHORT Lighter · now
+5.26%
7d avg:+9.13%
Entry Spread Now
+0.035%
In your favorL 246.6900 · S 246.7770+$3.53 if it converges
24h range −0.43%…+1.16% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$10.96
+0.11%
$Avg Daily PnL
+$1.57
+0.0157%
★Best Day
+$3.76
Oct 26
◎Open Interest
Lighter Robinhood$6.64M
Lighter$5.59M⚡Funding APR
+5.71%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$29.78MLighter$20.22MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.