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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 ~1.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.78%
3d Period Avg+11.30%
swing±8.04%
LONG Lighter Robinhood · nowMETA-USDG
+4.38%
3d avg:+10.19%
SHORT Lighter · now
+20.16%
3d avg:+21.49%
Entry Spread Now
+0.019%
In your favorL ask 627.7200 · S bid 627.8400+$1.91 at entry
24h range −0.18%…+0.42% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$5.05
+0.05%
$Avg Daily PnL
+$3.09
+0.0309%
★Best Day
+$3.56
Oct 27
◎Open Interest
Lighter Robinhood$2.86M
Lighter$3.35M⚡Funding APR
+11.29%
annualized · funding only
⚠Execution Cost
−$4.23
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Lighter Robinhood$8.17MLighter$7.32MLoading 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 (−$4.23 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.