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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−2.02%
3d Period Avg+6.78%
swing±15.23%
LONG Ondo · nowGOOGL-USD.P
+5.52%
3d avg:+5.37%
SHORT Lighter · now
+3.51%
3d avg:+12.15%
Entry Spread Now
+0.099%
In your favorL ask 343.1700 · S bid 343.5100+$9.91 at entry
24h range +0.01%…+0.17% · median +0.12%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$6.69
−0.07%
$Avg Daily PnL
+$2.00
+0.0200%
★Best Day
+$6.43
Sep 25
◎Open Interest
Ondo$2.37M
Lighter$2.70M⚡Funding APR
+7.30%
annualized · funding only
⚠Execution Cost
−$12.69
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Ondo$210.8KLighter$1.75MLoading 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 (−$12.69 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.