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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
−104.92%
3d Period Avg+9.83%
swing±19.33%
LONG Toobit · nowMETA-SWAP-USDT
+108.43%
3d avg:−3.54%
SHORT Lighter Robinhood · nowMETA-USDG
+3.51%
3d avg:+6.29%
Entry Spread Now
−0.034%
Against youL ask 728.9300 · S bid 728.6800−$3.43 at entry
24h range −0.44%…+0.34% · median +0.00%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$9.05
−0.09%
$Avg Daily PnL
+$2.89
+0.0289%
★Best Day
+$5.85
Sep 29
◎Open Interest
Toobit$10.75M
Lighter Robinhood$1.60M⚡Funding APR
+10.56%
annualized · funding only
⚠Execution Cost
−$17.73
entry + exit fees
⏱Payback
6.1d
to break even
◧24h Volume
Toobit$30.35MLighter Robinhood$2.02MLoading 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 (−$17.73 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.