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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 ~0.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.27%
7d Period Avg+5.73%
swing±10.97%
LONG Lighter Robinhood · nowMETA-USDG
+3.51%
7d avg:+7.58%
SHORT Lighter · now
+15.78%
7d avg:+13.31%
Entry Spread Now
+0.011%
NeutralL 631.2900 · S 631.3600
24h range −0.18%…+0.42% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$10.50
+0.11%
$Avg Daily PnL
+$1.57
+0.0157%
★Best Day
+$3.56
Oct 27
◎Open Interest
Lighter Robinhood$2.88M
Lighter$3.37M⚡Funding APR
+5.73%
annualized · funding only
⚠Execution Cost
−$0.48
entry + exit fees
⏱Payback
7.4h
to break even
◧24h Volume
Lighter Robinhood$7.90MLighter$6.87MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$0.48 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.