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updated —META Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~19d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.02%
3d Period Avg+2.90%
swing±4.18%
LONG Lighter · now
+3.51%
3d avg:+3.52%
SHORT Ondo · nowMETA-USD.P
+5.52%
3d avg:+6.42%
Entry Spread Now
+2.570%
In your favorL ask 623.4000 · S bid 639.4200+$256.98 at entry
24h range −0.30%…+0.42% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$8.39
−0.08%
$Avg Daily PnL
+$0.79
+0.0079%
★Best Day
+$0.93
Nov 14
◎Open Interest
Lighter$4.17M
Ondo$702.8K⚡Funding APR
+2.90%
annualized · funding only
⚠Execution Cost
−$10.77
entry + exit fees
⏱Payback
13.6d
to break even
◧24h Volume
Lighter$8.67MOndo$3.47MLoading 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 (−$10.77 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.