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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
+0.00%
7d Period Avg+8.07%
swing±25.37%
LONG Lighter Robinhood · nowCOIN-USDG
+3.51%
7d avg:+4.09%
SHORT Lighter · now
+3.51%
7d avg:+12.16%
Entry Spread Now
−0.020%
Against youL ask 161.8000 · S bid 161.7670−$2.04 at entry
24h range −0.76%…+0.52% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$11.12
+0.11%
$Avg Daily PnL
+$2.21
+0.0221%
★Best Day
+$6.98
Oct 26
◎Open Interest
Lighter Robinhood$2.85M
Lighter$2.42M⚡Funding APR
+8.06%
annualized · funding only
⚠Execution Cost
−$4.34
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Lighter Robinhood$7.28MLighter$5.96MLoading 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 (−$4.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.