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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 ~72d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.63%
3d Period Avg+39.67%
swing±31.91%
LONG Coinbase International · nowLIT-PERP
+7.89%
3d avg:−25.30%
SHORT Lighter Robinhood · nowLIT-USDG
+10.52%
3d avg:+14.37%
Entry Spread Now
−0.214%
Against youL ask 4.5913 · S bid 4.5815−$21.37 at entry
24h range −0.48%…+0.54% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.040%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$19.16
−0.19%
$Avg Daily PnL
+$10.86
+0.1086%
★Best Day
+$18.01
Sep 25
◎Open Interest
Coinbase International$670.2K
Lighter Robinhood$4.25M⚡Funding APR
+39.64%
annualized · funding only
⚠Execution Cost
−$51.74
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
Coinbase International$103.2KLighter Robinhood$6.22MLoading 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 (−$51.74 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.