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updated —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
−4.65%
3d Period Avg+0.02%
swing±27.95%
LONG Ondo · nowHOOD-USD.P
+5.52%
3d avg:+4.84%
SHORT Lighter · now
+0.88%
3d avg:+4.86%
Entry Spread Now
+0.072%
Eaten by executionL 119.2400 · S 119.3260+$7.21 if it converges
24h range −0.03%…+0.15% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$20.19
−0.20%
$Avg Daily PnL
+$0.23
+0.0023%
★Best Day
+$2.47
Sep 25
◎Open Interest
⚡Funding APR
+0.85%
annualized · funding only
⚠Execution Cost
−$20.89
entry + exit fees
⏱Payback
3.0mo
to break even
◧24h Volume
Loading 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 (−$20.89 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.