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updated —BRENT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~28d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.02%
7d Period Avg+37.16%
swing±94.84%
LONG Lighter · nowBRENTOIL-USDC
+3.51%
7d avg:−92.66%
SHORT Ondo · nowBRENT-USD.P
+5.52%
7d avg:−55.50%
Entry Spread Now
+0.054%
In your favorL ask 93.3500 · S bid 93.4000+$5.36 at entry
24h range −0.26%…+0.10% · median −0.09%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
+$55.51
+0.56%
$Avg Daily PnL
+$10.18
+0.1018%
★Best Day
+$49.33
Nov 9
◎Open Interest
Lighter$3.23M
Ondo$2.39M⚡Funding APR
+37.14%
annualized · funding only
⚠Execution Cost
−$15.72
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
Lighter$5.10MOndo$680.1KLoading 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 (−$15.72 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.