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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+1.69%
swing±25.69%
LONG Lighter Robinhood · nowMU-USDG
+3.51%
7d avg:+4.12%
SHORT Lighter · now
+3.51%
7d avg:+5.81%
Entry Spread Now
+0.016%
NeutralL 938.5600 · S 938.7100
24h range −0.08%…+0.07% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$0.04
+0.00%
$Avg Daily PnL
+$0.46
+0.0046%
★Best Day
+$1.39
Oct 23
◎Open Interest
⚡Funding APR
+1.69%
annualized · funding only
⚠Execution Cost
−$3.20
entry + exit fees
⏱Payback
6.9d
to break even
◧24h Volume
Loading 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 (−$3.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.