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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~12d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.75%
3d Period Avg+11.08%
swing±10.98%
LONG Lighter Robinhood · nowGOOGL-USDG
+59.61%
3d avg:+17.64%
SHORT Lighter · now
+61.36%
3d avg:+28.72%
Entry Spread Now
+0.011%
In your favorL ask 283.8500 · S bid 283.8800+$1.06 at entry
24h range −0.10%…+0.54% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$4.02
+0.04%
$Avg Daily PnL
+$3.21
+0.0321%
★Best Day
+$3.13
Oct 27
◎Open Interest
Lighter Robinhood$8.88M
Lighter$11.29M⚡Funding APR
+11.73%
annualized · funding only
⚠Execution Cost
−$5.62
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Lighter Robinhood$40.09MLighter$57.00MLoading 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 (−$5.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.