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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+0.38%
swing±4.44%
LONG Lighter Robinhood · nowMU-USDG
+3.51%
3d avg:+3.93%
SHORT Lighter · now
+3.51%
3d avg:+4.31%
Entry Spread Now
+0.008%
NeutralL 929.3400 · S 929.4100
24h range −0.08%…+0.07% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$0.31
+0.00%
$Avg Daily PnL
+$0.10
+0.0010%
★Best Day
+$0.39
Oct 27
◎Open Interest
Lighter Robinhood$1.50M
Lighter$1.52M⚡Funding APR
+0.38%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$6.77MLighter$6.48MLoading 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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.