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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%
7d Period Avg+6.50%
swing±49.72%
LONG Ondo · nowBRENT-USD.P
+5.52%
7d avg:−6.46%
SHORT Lighter · nowBRENTOIL-USDC
+3.51%
7d avg:+0.04%
Entry Spread Now
+0.020%
In your favorL ask 98.4700 · S bid 98.4900+$2.03 at entry
24h range −0.04%…+0.16% · median +0.07%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$0.75
−0.01%
$Avg Daily PnL
+$1.78
+0.0178%
★Best Day
+$4.04
Sep 24
◎Open Interest
Ondo$3.10M
Lighter$4.25M⚡Funding APR
+6.49%
annualized · funding only
⚠Execution Cost
−$13.20
entry + exit fees
⏱Payback
7.4d
to break even
◧24h Volume
Ondo$407.0KLighter$3.45MLoading 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 (−$13.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.