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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+10.64%
swing±13.45%
LONG Ondo · nowHYPE-USD.P
+10.96%
7d avg:−0.05%
SHORT Lighter Robinhood · nowHYPE-USDG
+10.52%
7d avg:+10.59%
Entry Spread Now
−0.027%
Against youL ask 91.4500 · S bid 91.4250−$2.73 at entry
24h range −0.05%…+0.13% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$6.13
+0.06%
$Avg Daily PnL
+$2.89
+0.0289%
★Best Day
+$7.30
Sep 26
◎Open Interest
Ondo$538.5K
Lighter Robinhood$5.29M⚡Funding APR
+10.57%
annualized · funding only
⚠Execution Cost
−$14.13
entry + exit fees
⏱Payback
4.9d
to break even
◧24h Volume
Ondo$1.21MLighter Robinhood$10.77MLoading 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 (−$14.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.