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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 ~5.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.38%
7d Period Avg+11.86%
swing±21.84%
LONG Ondo · nowMETA-USD.P
−19.02%
7d avg:+5.96%
SHORT Lighter · now
−9.64%
7d avg:+17.82%
Entry Spread Now
+0.076%
In your favorL ask 748.3700 · S bid 748.9400+$7.62 at entry
24h range −0.01%…+0.14% · median +0.10%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$9.49
+0.09%
$Avg Daily PnL
+$3.28
+0.0328%
★Best Day
+$8.45
Sep 23
◎Open Interest
Ondo$880.0K
Lighter$1.96M⚡Funding APR
+11.96%
annualized · funding only
⚠Execution Cost
−$13.44
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Ondo$459.2KLighter$2.21MLoading 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 (−$13.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.