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updated —HOOD 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
−5.26%
7d Period Avg+7.27%
swing±56.39%
LONG Ondo · nowHOOD-USD.P
+8.77%
7d avg:−1.25%
SHORT Lighter · now
+3.51%
7d avg:+6.02%
Entry Spread Now
+0.096%
In your favorL 76.2000 · S 76.2730+$9.58 if it converges
24h range −1.08%…+0.51% · median +0.10%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$0.50
+0.00%
$Avg Daily PnL
+$1.87
+0.0187%
★Best Day
+$4.18
Nov 8
◎Open Interest
Ondo$889.7K
Lighter$695.7K⚡Funding APR
+6.83%
annualized · funding only
⚠Execution Cost
−$13.59
entry + exit fees
⏱Payback
7.3d
to break even
◧24h Volume
Ondo$1.73MLighter$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 (−$13.59 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.