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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 ~4.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+17.88%
7d Period Avg+0.75%
swing±32.80%
LONG Ondo · nowMSTR-USD.P
−101.16%
7d avg:+10.36%
SHORT Lighter · now
−83.28%
7d avg:+11.11%
Entry Spread Now
+0.093%
In your favorL ask 160.6000 · S bid 160.7500+$9.34 at entry
24h range −0.02%…+0.23% · median +0.09%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$20.45
−0.20%
$Avg Daily PnL
+$0.53
+0.0053%
★Best Day
+$4.45
Sep 24
◎Open Interest
Ondo$815.9K
Lighter$3.46M⚡Funding APR
+1.93%
annualized · funding only
⚠Execution Cost
−$24.16
entry + exit fees
⏱Payback
1.5mo
to break even
◧24h Volume
Ondo$284.2KLighter$2.32MLoading 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 (−$24.16 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.