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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 ~93d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
7d Period Avg+2.92%
swing±4.42%
LONG Lighter · now
+10.52%
7d avg:+7.95%
SHORT Ondo · nowETH-USD.P
+10.96%
7d avg:+10.87%
Entry Spread Now
−0.808%
Against youL ask 1,921.12 · S bid 1,905.6−$80.79 at entry
24h range −0.35%…+0.13% · median −0.09%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$5.59
−0.06%
$Avg Daily PnL
+$0.80
+0.0080%
★Best Day
+$1.51
Nov 10
◎Open Interest
Lighter$68.84M
Ondo$2.01M⚡Funding APR
+2.92%
annualized · funding only
⚠Execution Cost
−$11.20
entry + exit fees
⏱Payback
14.0d
to break even
◧24h Volume
Lighter$453.58MOndo$6.36MLoading 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 (−$11.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.