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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+6.86%
swing±5.54%
LONG Lighter · now
+3.51%
3d avg:+5.61%
SHORT Lighter Robinhood · nowNVDA-USDG
+7.01%
3d avg:+12.47%
Entry Spread Now
+0.081%
In your favorL ask 230.2830 · S bid 230.4700+$8.12 at entry
24h range +0.05%…+0.13% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$1.31
+0.01%
$Avg Daily PnL
+$1.88
+0.0188%
★Best Day
+$2.16
Sep 30
◎Open Interest
Lighter$2.70M
Lighter Robinhood$7.59M⚡Funding APR
+6.85%
annualized · funding only
⚠Execution Cost
−$4.32
entry + exit fees
⏱Payback
2.3d
to break even
◧24h Volume
Lighter$6.34MLighter Robinhood$18.34MLoading 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 (−$4.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.