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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
−23.93%
7d Period Avg+1.04%
swing±22.59%
LONG Ondo · nowHOOD-USD.P
−46.20%
7d avg:+6.84%
SHORT Lighter · now
−70.13%
7d avg:+7.88%
Entry Spread Now
+0.030%
Eaten by executionL 118.8700 · S 118.9060+$3.03 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
−$10.95
−0.11%
$Avg Daily PnL
+$0.56
+0.0056%
★Best Day
+$2.44
Sep 25
◎Open Interest
⚡Funding APR
+2.04%
annualized · funding only
⚠Execution Cost
−$14.86
entry + exit fees
⏱Payback
26.6d
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 (−$14.86 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.