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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~15d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+3.32%
swing±0.97%
LONG Lighter · now
+0.00%
3d avg:+0.19%
SHORT Lighter Robinhood · nowANTHROPIC-USDG
+3.51%
3d avg:+3.51%
Entry Spread Now
+0.113%
In your favorL ask 2,132.5 · S bid 2,134.9+$11.25 at entry
24h range +0.15%…+0.41% · median +0.26%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$12.04
−0.12%
$Avg Daily PnL
+$0.91
+0.0091%
★Best Day
+$0.94
Sep 29
◎Open Interest
Lighter$1.84M
Lighter Robinhood$6.84M⚡Funding APR
+3.31%
annualized · funding only
⚠Execution Cost
−$14.76
entry + exit fees
⏱Payback
16.3d
to break even
◧24h Volume
Lighter$343.1KLighter Robinhood$21.36MLoading 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 (−$14.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.