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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+4.79%
swing±35.38%
LONG Lighter Robinhood · nowCRCL-USDG
+3.51%
7d avg:+7.57%
SHORT Lighter · now
+3.51%
7d avg:+12.36%
Entry Spread Now
+0.009%
NeutralL 80.5670 · S 80.5740
24h range −0.14%…+0.09% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$5.35
+0.05%
$Avg Daily PnL
+$1.31
+0.0131%
★Best Day
+$2.28
Oct 26
◎Open Interest
⚡Funding APR
+4.78%
annualized · funding only
⚠Execution Cost
−$3.82
entry + exit fees
⏱Payback
2.9d
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 + fees only (orderbook snapshot stale) on both legs (−$3.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.