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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 ~1.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.51%
7d Period Avg+2.09%
swing±30.24%
LONG Lighter · now
+3.51%
7d avg:+3.65%
SHORT Ondo · nowMETA-USD.P
+24.02%
7d avg:+5.74%
Entry Spread Now
+2.610%
In your favorL ask 623.4000 · S bid 639.6700+$260.99 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
−$6.59
−0.07%
$Avg Daily PnL
+$0.57
+0.0057%
★Best Day
+$2.86
Nov 9
◎Open Interest
Lighter$4.13M
Ondo$703.1K⚡Funding APR
+2.10%
annualized · funding only
⚠Execution Cost
−$10.61
entry + exit fees
⏱Payback
18.5d
to break even
◧24h Volume
Lighter$8.91MOndo$3.50MLoading 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 (−$10.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.