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updated 10:56:15 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+138.72%
1d Period Avg+64.57%
swing±27.97%
LONG Hotcoin · now
−14.24%
1d avg:−4.68%
SHORT Lighter Robinhood · nowNEAR-USDG
+124.48%
1d avg:+59.89%
Entry Spread Now
+0.152%
In your favorL ask 3.7520 · S bid 3.7577+$15.19 at entry
24h range −0.17%…+1.44% · median +0.18%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$11.52
−0.12%
$Avg Daily PnL
+$8.70
+0.0870%
★Best Day
+$17.07
Sep 18
◎Open Interest
Hotcoin$10.65M
Lighter Robinhood$976.3K⚡Funding APR
+31.74%
annualized · funding only
⚠Execution Cost
−$28.91
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
Hotcoin—Lighter Robinhood$3.79MLoading 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 (−$28.91 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.