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updated —GOOGL 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
−46.64%
3d Period Avg+1.65%
swing±7.89%
LONG Ondo · nowGOOGL-USD.P
+51.02%
3d avg:+4.28%
SHORT Lighter Robinhood · nowGOOGL-USDG
+4.38%
3d avg:+5.93%
Entry Spread Now
+0.044%
In your favorL ask 293.9500 · S bid 294.0800+$4.42 at entry
24h range −0.02%…+0.20% · median +0.07%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$12.57
−0.13%
$Avg Daily PnL
+$0.34
+0.0034%
★Best Day
+$1.04
Nov 11
◎Open Interest
Ondo$3.19M
Lighter Robinhood$5.43M⚡Funding APR
+1.23%
annualized · funding only
⚠Execution Cost
−$13.58
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
Ondo$2.68MLighter Robinhood$14.96MLoading 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 (−$13.58 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.