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updated —HOOD Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.38%
7d Period Avg+2.75%
swing±33.57%
LONG Variational · now
+0.00%
7d avg:+3.50%
SHORT Lighter · now
+4.38%
7d avg:+6.25%
Entry Spread Now
+0.006%
NeutralL 76.2986 · S 76.3030
24h range −0.82%…+0.53% · median −0.00%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$5.00
+0.05%
$Avg Daily PnL
+$0.71
+0.0071%
★Best Day
+$3.37
Nov 13
◎Open Interest
Variational$798.0K
Lighter$696.2K⚡Funding APR
+2.60%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$122.8KLighter$660.3KLoading 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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.