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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 ~5.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.63%
7d Period Avg+7.70%
swing±17.71%
LONG Lighter Robinhood · nowGOOGL-USDG
+49.97%
7d avg:+8.68%
SHORT Lighter · now
+52.60%
7d avg:+16.38%
Entry Spread Now
+0.018%
In your favorL ask 284.1300 · S bid 284.1800+$1.76 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
+$10.51
+0.11%
$Avg Daily PnL
+$2.11
+0.0211%
★Best Day
+$5.21
Oct 26
◎Open Interest
Lighter Robinhood$8.83M
Lighter$11.03M⚡Funding APR
+7.70%
annualized · funding only
⚠Execution Cost
−$4.25
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Lighter Robinhood$40.83MLighter$56.29MLoading 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 (−$4.25 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.