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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
−17.70%
7d Period Avg+32.72%
swing±39.44%
LONG Lighter · now
+26.30%
7d avg:+4.30%
SHORT HTX · now
+8.60%
7d avg:+37.02%
Entry Spread Now
−2.021%
Against youL ask 300.3600 · S bid 294.2900−$202.09 at entry
24h range −0.06%…+0.43% · median +0.18%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$42.40
+0.42%
$Avg Daily PnL
+$9.11
+0.0911%
★Best Day
+$19.79
Nov 10
◎Open Interest
Lighter$5.15M
HTX$803.5K⚡Funding APR
+33.27%
annualized · funding only
⚠Execution Cost
−$21.40
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
Lighter$12.18MHTX$209.8KLoading 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 (−$21.40 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.