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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 estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−28.31%
3d Period Avg+1.65%
swing±50.59%
LONG Ondo · nowDRAM-USD.P
+5.52%
3d avg:+9.01%
SHORT Lighter · now
−22.79%
3d avg:+10.66%
Entry Spread Now
+0.131%
In your favorL ask 61.7800 · S bid 61.8610+$13.11 at entry
24h range +0.00%…+0.23% · median +0.15%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$10.15
−0.10%
$Avg Daily PnL
+$0.94
+0.0094%
★Best Day
+$6.82
Sep 25
◎Open Interest
Ondo$1.43M
Lighter$968.9K⚡Funding APR
+3.43%
annualized · funding only
⚠Execution Cost
−$12.97
entry + exit fees
⏱Payback
13.8d
to break even
◧24h Volume
Ondo$775.2KLighter$1.03MLoading 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 (−$12.97 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.