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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
−2.02%
3d Period Avg−23.97%
swing±57.08%
LONG Ondo · nowBB-USD.P
+5.52%
3d avg:+20.61%
SHORT Lighter · nowBB-USDC
+3.51%
3d avg:−3.36%
Entry Spread Now
+0.405%
In your favorL 8.1750 · S 8.2081+$40.49 if it converges
24h range +0.40%…+0.87% · median +0.50%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$34.82
−0.35%
$Avg Daily PnL
−$3.39
−0.0339%
★Best Day
−$0.19
Sep 28
◎Open Interest
Ondo$844.2K
Lighter$315.3K⚡Funding APR
−12.37%
annualized · funding only
⚠Execution Cost
−$24.65
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Ondo$323.2KLighter$1.12MLoading 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 (−$24.65 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.