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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
−31.56%
7d Period Avg+52.67%
swing±35.20%
LONG Coinbase International · nowLIT-PERP
+42.08%
7d avg:−38.04%
SHORT Lighter Robinhood · nowLIT-USDG
+10.52%
7d avg:+14.63%
Entry Spread Now
−0.188%
Against youL ask 4.6309 · S bid 4.6222−$18.81 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
+$40.89
+0.41%
$Avg Daily PnL
+$14.42
+0.1442%
★Best Day
+$24.16
Sep 24
◎Open Interest
Coinbase International$673.2K
Lighter Robinhood$4.27M⚡Funding APR
+52.63%
annualized · funding only
⚠Execution Cost
−$60.04
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
Coinbase International$105.8KLighter Robinhood$6.17MLoading 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 (−$60.04 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.