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updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+77.14%
7d Period Avg+47.80%
swing±40.20%
LONG Lighter Robinhood · nowBTC-USDG
+10.52%
7d avg:+9.79%
SHORT Bullet · now
+87.66%
7d avg:+57.59%
Entry Spread Now
+0.023%
In your favorL ask 78,019.9 · S bid 78,038+$2.32 at entry
24h range −0.03%…+0.09% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
+$79.98
+0.80%
$Avg Daily PnL
+$13.10
+0.1310%
★Best Day
+$21.34
Oct 29
◎Open Interest
Lighter Robinhood$15.60M
Bullet$1.27M⚡Funding APR
+47.83%
annualized · funding only
⚠Execution Cost
−$11.75
entry + exit fees
⏱Payback
21.6h
to break even
◧24h Volume
Lighter Robinhood$68.61MBullet$4.03MLoading 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 (−$11.75 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.