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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
−22.79%
7d Period Avg+2.99%
swing±32.58%
LONG Lighter Robinhood · nowNEAR-USDG
+10.52%
7d avg:+16.57%
SHORT Coinbase International · nowNEAR-PERP
−12.27%
7d avg:+19.56%
Entry Spread Now
−0.104%
Against youL ask 5.3912 · S bid 5.3856−$10.39 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
−$22.62
−0.23%
$Avg Daily PnL
+$0.82
+0.0082%
★Best Day
+$11.76
Sep 24
◎Open Interest
Lighter Robinhood$2.27M
Coinbase International$1.67M⚡Funding APR
+2.99%
annualized · funding only
⚠Execution Cost
−$28.35
entry + exit fees
⏱Payback
1.2mo
to break even
◧24h Volume
Lighter Robinhood$10.94MCoinbase International$10.60MLoading 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 (−$28.35 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.