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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+10.51%
swing±10.94%
LONG Lighter Robinhood · nowCOIN-USDG
+3.51%
3d avg:+4.08%
SHORT Lighter · now
+3.51%
3d avg:+14.59%
Entry Spread Now
−0.221%
Against youL 159.0900 · S 158.7380−$22.13 if it converges
24h range −0.76%…+0.53% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$8.63
+0.09%
$Avg Daily PnL
+$2.88
+0.0288%
★Best Day
+$4.05
Oct 27
◎Open Interest
Lighter Robinhood$2.68M
Lighter$2.38M⚡Funding APR
+10.50%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$7.38MLighter$5.90MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.