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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
−2.02%
7d Period Avg+9.72%
swing±79.66%
LONG Ondo · nowMU-USD.P
+5.52%
7d avg:+0.28%
SHORT Lighter Robinhood · nowMU-USDG
+3.51%
7d avg:+10.00%
Entry Spread Now
+0.128%
In your favorL ask 766.0800 · S bid 767.0600+$12.79 at entry
24h range −0.25%…+0.37% · median +0.09%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$4.85
+0.05%
$Avg Daily PnL
+$2.43
+0.0243%
★Best Day
+$8.15
Nov 9
◎Open Interest
Ondo$1.78M
Lighter Robinhood$2.45M⚡Funding APR
+8.87%
annualized · funding only
⚠Execution Cost
−$12.17
entry + exit fees
⏱Payback
5.0d
to break even
◧24h Volume
Ondo$6.27MLighter Robinhood$6.22MLoading 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 (−$12.17 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.