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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 ~21d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg−0.98%
swing±37.24%
LONG grvt · nowHOOD_USDT_Perp
+0.00%
7d avg:+7.23%
SHORT Lighter · now
+3.51%
7d avg:+6.25%
Entry Spread Now
−0.092%
Eaten by executionL 76.3434 · S 76.2730−$9.22 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
−$21.82
−0.22%
$Avg Daily PnL
−$0.28
−0.0028%
★Best Day
+$2.21
Nov 12
◎Open Interest
grvt$549.6K
Lighter$695.7K⚡Funding APR
−1.01%
annualized · funding only
⚠Execution Cost
−$19.88
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
grvt$2.54MLighter$661.2KLoading 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 (−$19.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.