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updated —HOOD Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~22d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+2.34%
swing±20.25%
LONG grvt · nowHOOD_USDT_Perp
+0.00%
3d avg:+5.27%
SHORT Lighter · now
+3.51%
3d avg:+7.61%
Entry Spread Now
−0.029%
Eaten by executionL 76.3433 · S 76.3210−$2.92 if it converges
24h range −1.04%…+0.60% · median −0.08%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$18.74
−0.19%
$Avg Daily PnL
+$0.81
+0.0081%
★Best Day
+$2.21
Nov 12
◎Open Interest
grvt$549.6K
Lighter$695.9K⚡Funding APR
+2.97%
annualized · funding only
⚠Execution Cost
−$21.18
entry + exit fees
⏱Payback
26.0d
to break even
◧24h Volume
grvt$2.53MLighter$645.8KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$21.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.