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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 ~2.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+3.34%
swing±0.78%
LONG Lighter · now
+0.00%
7d avg:+0.17%
SHORT Lighter Robinhood · nowANTHROPIC-USDG
+3.51%
7d avg:+3.51%
Entry Spread Now
+0.239%
In your favorL 2,131.5 · S 2,136.6+$23.93 if it converges
24h range +0.00%…+0.41% · median +0.26%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$4.43
+0.04%
$Avg Daily PnL
+$0.91
+0.0091%
★Best Day
+$0.97
Sep 26
◎Open Interest
Lighter$1.84M
Lighter Robinhood$6.94M⚡Funding APR
+3.34%
annualized · funding only
⚠Execution Cost
−$1.97
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
Lighter$427.2KLighter Robinhood$20.38MLoading 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 (−$1.97 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.