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updated —ETH Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.82%
3d Period Avg+10.62%
swing±4.28%
LONG NADO · nowETH-PERP
−6.30%
3d avg:−1.10%
SHORT Lighter Robinhood · nowETH-USDG
+10.52%
3d avg:+9.52%
Entry Spread Now
+0.003%
NeutralL ask 1,905.68 · S bid 1,905.73
24h range −0.20%…+0.23% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$0.26
+0.00%
$Avg Daily PnL
+$2.91
+0.0291%
★Best Day
+$3.24
Nov 12
◎Open Interest
NADO$4.84M
Lighter Robinhood$12.98M⚡Funding APR
+10.61%
annualized · funding only
⚠Execution Cost
−$8.46
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
NADO$72.19MLighter Robinhood$57.71MLoading 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 (−$8.46 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.