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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
−105.45%
30d Period Avg−23.43%
swing±53.77%
LONG Ondo · nowBB-USD.P
+108.96%
30d avg:+18.98%
SHORT Lighter · nowBB-USDC
+3.51%
30d avg:−4.45%
Entry Spread Now
+0.874%
In your favorL 8.1605 · S 8.2318+$87.36 if it converges
24h range +0.40%…+0.62% · median +0.50%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Limited funding history — chart clipped to available data
- Lighter (Short): data starts Sep 26, 2026 (2d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 100%, short 6% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$60.06
−0.60%
$Avg Daily PnL
−$1.65
−0.0165%
★Best Day
+$8.12
Sep 10
◎Open Interest
⚡Funding APR
−6.01%
annualized · funding only
⚠Execution Cost
−$10.69
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$10.69 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.