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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 ~135d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+3.38%
swing±9.81%
LONG Lighter Robinhood · nowLIT-USDG
+10.52%
3d avg:+4.99%
SHORT Hyperliquid · now
+10.96%
3d avg:+8.37%
Entry Spread Now
−0.059%
Against youL ask 3.2252 · S bid 3.2233−$5.89 at entry
24h range −0.47%…+0.19% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$13.54
−0.14%
$Avg Daily PnL
+$0.93
+0.0093%
★Best Day
+$2.49
Oct 29
◎Open Interest
Lighter Robinhood$2.69M
Hyperliquid$129.12M⚡Funding APR
+3.38%
annualized · funding only
⚠Execution Cost
−$16.32
entry + exit fees
⏱Payback
17.6d
to break even
◧24h Volume
Lighter Robinhood$7.96MHyperliquid$57.69MLoading 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 (−$16.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.