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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 ~0.7d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+59.45%
3d Period Avg+11.19%
swing±39.23%
LONG Perpl · now
−48.93%
3d avg:−4.25%
SHORT Lighter Robinhood · nowBTC-USDG
+10.52%
3d avg:+6.94%
Entry Spread Now
+0.079%
In your favorL ask 81,215.1 · S bid 81,279.6+$7.94 at entry
24h range −0.01%…+0.15% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.088%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$0.93
−0.01%
$Avg Daily PnL
+$3.27
+0.0327%
★Best Day
+$7.62
Oct 17
◎Open Interest
Perpl$640.4K
Lighter Robinhood$18.83M⚡Funding APR
+11.92%
annualized · funding only
⚠Execution Cost
−$10.73
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
Perpl$8.60MLighter Robinhood$50.42MLoading 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 (−$10.73 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.