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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
−21.74%
7d Period Avg+4.79%
swing±48.81%
LONG Ondo · nowCOIN-USD.P
+25.25%
7d avg:−4.55%
SHORT Lighter Robinhood · nowCOIN-USDG
+3.51%
7d avg:+0.24%
Entry Spread Now
+0.121%
In your favorL ask 123.8800 · S bid 124.0300+$12.11 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
−$6.30
−0.06%
$Avg Daily PnL
+$0.96
+0.0096%
★Best Day
+$5.89
Nov 14
◎Open Interest
Ondo$1.09M
Lighter Robinhood$1.08M⚡Funding APR
+3.51%
annualized · funding only
⚠Execution Cost
−$13.02
entry + exit fees
⏱Payback
13.6d
to break even
◧24h Volume
Ondo$6.20MLighter Robinhood$2.82MLoading 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 (−$13.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.