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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
−2.63%
7d Period Avg+2.66%
swing±8.03%
LONG Lighter · now
+9.64%
7d avg:+6.60%
SHORT Lighter Robinhood · nowNVDA-USDG
+7.01%
7d avg:+9.26%
Entry Spread Now
+0.090%
In your favorL ask 230.2830 · S bid 230.4900+$8.99 at entry
24h range +0.02%…+0.13% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$0.08
+0.00%
$Avg Daily PnL
+$0.73
+0.0073%
★Best Day
+$2.16
Sep 30
◎Open Interest
Lighter$2.62M
Lighter Robinhood$7.74M⚡Funding APR
+2.66%
annualized · funding only
⚠Execution Cost
−$5.19
entry + exit fees
⏱Payback
7.1d
to break even
◧24h Volume
Lighter$6.51MLighter Robinhood$18.46MLoading 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 (−$5.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.