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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
−30.42%
3d Period Avg+1.60%
swing±23.54%
LONG Lighter Robinhood · nowMETA-USDG
+35.94%
3d avg:+4.01%
SHORT Ondo · nowMETA-USD.P
+5.52%
3d avg:+5.61%
Entry Spread Now
−0.141%
Against youL ask 744.8400 · S bid 743.7900−$14.10 at entry
24h range −0.20%…−0.04% · median −0.14%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$15.36
−0.15%
$Avg Daily PnL
+$0.44
+0.0044%
★Best Day
+$1.67
Sep 27
◎Open Interest
Lighter Robinhood$1.43M
Ondo$964.1K⚡Funding APR
+1.60%
annualized · funding only
⚠Execution Cost
−$16.67
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
Lighter Robinhood$2.40MOndo$683.1KLoading 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 (−$16.67 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.