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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.40%
3d Period Avg+13.64%
swing±7.42%
LONG Lighter Robinhood · nowINTC-USDG
+3.51%
3d avg:+3.70%
SHORT Lighter · now
+14.90%
3d avg:+17.34%
Entry Spread Now
+0.030%
In your favorL ask 90.9700 · S bid 90.9970+$2.97 at entry
24h range −0.40%…+0.79% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$7.07
+0.07%
$Avg Daily PnL
+$3.73
+0.0373%
★Best Day
+$4.10
Oct 28
◎Open Interest
Lighter Robinhood$2.08M
Lighter$2.84M⚡Funding APR
+13.63%
annualized · funding only
⚠Execution Cost
−$4.13
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Lighter Robinhood$5.01MLighter$5.91MLoading 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 (−$4.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.