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updated 12:15:01 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+103.66%
3d Period Avg+29.52%
swing±37.96%
LONG Hotcoin · now
−14.24%
3d avg:+2.53%
SHORT Lighter Robinhood · nowNEAR-USDG
+89.41%
3d avg:+32.05%
Entry Spread Now
+0.200%
In your favorL ask 3.7010 · S bid 3.7084+$19.99 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
−$1.83
−0.02%
$Avg Daily PnL
+$5.95
+0.0595%
★Best Day
+$18.49
Sep 18
◎Open Interest
Hotcoin$10.51M
Lighter Robinhood$925.4K⚡Funding APR
+21.73%
annualized · funding only
⚠Execution Cost
−$25.64
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Hotcoin—Lighter Robinhood$3.73MLoading 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 (−$25.64 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.