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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 ~5.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.98%
7d Period Avg+15.47%
swing±14.83%
LONG Ondo · nowGOOGL-USD.P
−11.48%
7d avg:+5.73%
SHORT Lighter · now
−3.51%
7d avg:+21.20%
Entry Spread Now
+0.064%
In your favorL ask 343.4100 · S bid 343.6300+$6.41 at entry
24h range +0.06%…+0.17% · median +0.13%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$17.36
+0.17%
$Avg Daily PnL
+$4.23
+0.0423%
★Best Day
+$7.90
Sep 23
◎Open Interest
Ondo$2.37M
Lighter$2.76M⚡Funding APR
+15.45%
annualized · funding only
⚠Execution Cost
−$12.26
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
Ondo$155.1KLighter$1.50MLoading 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 (−$12.26 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.