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updated —MU Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−13.06%
3d Period Avg+1.31%
swing±20.91%
LONG Ondo · nowMU-USD.P
+0.79%
3d avg:+8.72%
SHORT Lighter · now
−12.27%
3d avg:+10.03%
Entry Spread Now
+0.119%
In your favorL 765.6100 · S 766.5200+$11.89 if it converges
24h range −0.55%…+0.55% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$7.60
−0.08%
$Avg Daily PnL
+$0.36
+0.0036%
★Best Day
+$1.32
Nov 13
◎Open Interest
Ondo$1.78M
Lighter$1.61M⚡Funding APR
+1.33%
annualized · funding only
⚠Execution Cost
−$8.69
entry + exit fees
⏱Payback
23.9d
to break even
◧24h Volume
Ondo$6.14MLighter$8.78MLoading 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 (−$8.69 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.