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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
−2.02%
3d Period Avg+1.62%
swing±13.95%
LONG Ondo · nowNVDA-USD.P
+5.52%
3d avg:+4.37%
SHORT Lighter · now
+3.51%
3d avg:+5.99%
Entry Spread Now
+0.063%
In your favorL ask 225.1400 · S bid 225.2810+$6.26 at entry
24h range +0.01%…+0.08% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$9.72
−0.10%
$Avg Daily PnL
+$0.60
+0.0060%
★Best Day
+$2.10
Sep 25
◎Open Interest
Ondo$1.64M
Lighter$3.21M⚡Funding APR
+2.19%
annualized · funding only
⚠Execution Cost
−$11.52
entry + exit fees
⏱Payback
19.2d
to break even
◧24h Volume
Ondo$99.1KLighter$4.46MLoading 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 (−$11.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.