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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 ~17d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.89%
3d Period Avg+4.96%
swing±72.50%
LONG Ondo · nowBRENT-USD.P
+0.61%
3d avg:−2.01%
SHORT Lighter · nowBRENTOIL-USDC
+3.51%
3d avg:+2.95%
Entry Spread Now
+0.000%
NeutralL ask 98.1800 · S bid 98.1800
24h range −0.04%…+0.16% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$9.90
−0.10%
$Avg Daily PnL
+$1.28
+0.0128%
★Best Day
+$1.87
Sep 27
◎Open Interest
Ondo$3.10M
Lighter$4.22M⚡Funding APR
+4.66%
annualized · funding only
⚠Execution Cost
−$13.73
entry + exit fees
⏱Payback
10.7d
to break even
◧24h Volume
Ondo$407.7KLighter$3.20MLoading 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 (−$13.73 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.