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updated —META 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
−0.65%
7d Period Avg+9.95%
swing±23.95%
LONG Arcus · now
+4.16%
7d avg:−5.41%
SHORT Lighter Robinhood · nowMETA-USDG
+3.51%
7d avg:+4.54%
Entry Spread Now
+0.089%
In your favorL ask 639.4000 · S bid 639.9700+$8.91 at entry
24h range −0.16%…+0.38% · median +0.10%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.022%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$12.12
+0.12%
$Avg Daily PnL
+$2.73
+0.0273%
★Best Day
+$8.43
Nov 9
◎Open Interest
Arcus$1.05M
Lighter Robinhood$3.90M⚡Funding APR
+9.95%
annualized · funding only
⚠Execution Cost
−$6.97
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Arcus$1.41MLighter Robinhood$8.07MLoading 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 (−$6.97 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.