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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.89%
3d Period Avg+5.26%
swing±5.00%
LONG Lighter Robinhood · nowNVDA-USDG
+3.51%
3d avg:+3.51%
SHORT Lighter · now
+11.40%
3d avg:+8.77%
Entry Spread Now
+0.043%
In your favorL 212.9300 · S 213.0210+$4.27 if it converges
24h range +0.01%…+0.10% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$4.32
+0.04%
$Avg Daily PnL
+$1.44
+0.0144%
★Best Day
+$1.78
Oct 29
◎Open Interest
Lighter Robinhood$7.66M
Lighter$4.45M⚡Funding APR
+5.26%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$23.89MLighter$13.13MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.