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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
−20.16%
3d Period Avg−7.73%
swing±20.38%
LONG Lighter Robinhood · nowNEAR-USDG
+10.52%
3d avg:+10.52%
SHORT Coinbase International · nowNEAR-PERP
−9.64%
3d avg:+2.79%
Entry Spread Now
−0.117%
Against youL ask 5.3167 · S bid 5.3105−$11.66 at entry
24h range −0.17%…+0.21% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$34.96
−0.35%
$Avg Daily PnL
−$2.12
−0.0212%
★Best Day
+$3.10
Sep 25
◎Open Interest
Lighter Robinhood$2.22M
Coinbase International$1.56M⚡Funding APR
−7.73%
annualized · funding only
⚠Execution Cost
−$28.61
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$10.94MCoinbase International$10.84MLoading 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 (−$28.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.