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updated —COIN 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%
3d Period Avg+8.58%
swing±62.18%
LONG Ondo · nowCOIN-USD.P
+5.52%
3d avg:−8.51%
SHORT Lighter Robinhood · nowCOIN-USDG
+3.51%
3d avg:+0.07%
Entry Spread Now
+0.073%
In your favorL ask 123.9000 · S bid 123.9900+$7.26 at entry
24h range −1.22%…+0.43% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$7.84
−0.08%
$Avg Daily PnL
+$2.24
+0.0224%
★Best Day
+$5.65
Nov 14
◎Open Interest
⚡Funding APR
+8.18%
annualized · funding only
⚠Execution Cost
−$14.56
entry + exit fees
⏱Payback
6.5d
to break even
◧24h Volume
Loading 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 (−$14.56 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.