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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 ~29d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.02%
3d Period Avg+1.27%
swing±37.20%
LONG Lighter Robinhood · nowMU-USDG
+3.51%
3d avg:+5.11%
SHORT Ondo · nowMU-USD.P
+5.52%
3d avg:+6.38%
Entry Spread Now
−0.114%
Against youL ask 1,083.39 · S bid 1,082.16−$11.35 at entry
24h range −0.12%…+0.06% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$14.82
−0.15%
$Avg Daily PnL
+$0.35
+0.0035%
★Best Day
+$0.53
Sep 25
◎Open Interest
Lighter Robinhood$1.80M
Ondo$2.06M⚡Funding APR
+1.27%
annualized · funding only
⚠Execution Cost
−$15.86
entry + exit fees
⏱Payback
1.5mo
to break even
◧24h Volume
Lighter Robinhood$3.25MOndo$555.8KLoading 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 (−$15.86 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.