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updated —ANTHROPIC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.85%
7d Period Avg+4.39%
swing±2.78%
LONG Lighter Robinhood · nowANTHROPIC-USDG
+2.63%
7d avg:+1.09%
SHORT Variational · now
+5.48%
7d avg:+5.48%
Entry Spread Now
−24.481%
Against youL 1,783.6 · S 1,346.96−$2448.11 if it converges
24h range −24.93%…−24.19% · median −24.57%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$4.63
+0.05%
$Avg Daily PnL
+$1.29
+0.0129%
★Best Day
+$1.48
Nov 13
◎Open Interest
Lighter Robinhood$6.91M
Variational$2.11M⚡Funding APR
+4.71%
annualized · funding only
⚠Execution Cost
−$4.40
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Lighter Robinhood$9.43MVariational$1.27MLoading 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 (−$4.40 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.