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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
−0.44%
7d Period Avg+8.29%
swing±11.79%
LONG Ondo · nowHYPE-USD.P
+10.96%
7d avg:−0.05%
SHORT Lighter · now
+10.52%
7d avg:+8.24%
Entry Spread Now
−0.036%
Against youL ask 91.4500 · S bid 91.4174−$3.56 at entry
24h range −0.05%…+0.13% · median −0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$2.47
+0.02%
$Avg Daily PnL
+$2.25
+0.0225%
★Best Day
+$6.01
Sep 26
◎Open Interest
⚡Funding APR
+8.23%
annualized · funding only
⚠Execution Cost
−$13.31
entry + exit fees
⏱Payback
5.9d
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 + live L2 orderbook slippage on both legs (−$13.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.