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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 ~104d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
7d Period Avg+1.41%
swing±2.71%
LONG Lighter Robinhood · nowETH-USDG
+10.52%
7d avg:+9.46%
SHORT Ondo · nowETH-USD.P
+10.96%
7d avg:+10.87%
Entry Spread Now
−0.161%
Against youL ask 1,908.68 · S bid 1,905.6−$16.14 at entry
24h range −0.19%…+0.13% · median −0.10%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$9.83
−0.10%
$Avg Daily PnL
+$0.39
+0.0039%
★Best Day
+$0.70
Nov 9
◎Open Interest
Lighter Robinhood$13.03M
Ondo$2.01M⚡Funding APR
+1.41%
annualized · funding only
⚠Execution Cost
−$12.54
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
Lighter Robinhood$58.52MOndo$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 (−$12.54 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.