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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 ~12d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+7.67%
swing±18.21%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Lighter · now
+3.51%
3d avg:+7.67%
Entry Spread Now
−0.060%
Against youL 76.3400 · S 76.2940−$6.03 if it converges
24h range −0.79%…+0.49% · median −0.07%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.30
−0.05%
$Avg Daily PnL
+$2.23
+0.0223%
★Best Day
+$3.37
Nov 13
◎Open Interest
Phemex$1.16M
Lighter$695.8K⚡Funding APR
+8.15%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
5.4d
to break even
◧24h Volume
Phemex$109.8KLighter$660.7KLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.