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updated —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
+6.14%
7d Period Avg+8.41%
swing±23.80%
LONG Lighter Robinhood · nowINTC-USDG
+3.51%
7d avg:+5.34%
SHORT Lighter · now
+9.64%
7d avg:+13.75%
Entry Spread Now
+0.035%
In your favorL 91.9900 · S 92.0220+$3.48 if it converges
24h range −0.40%…+0.79% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$16.12
+0.16%
$Avg Daily PnL
+$2.30
+0.0230%
★Best Day
+$5.24
Oct 26
◎Open Interest
Lighter Robinhood$2.13M
Lighter$2.89M⚡Funding APR
+8.41%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$5.50MLighter$6.36MLoading 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.