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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 ~1.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.01%
7d Period Avg+3.35%
swing±6.42%
LONG Lighter Robinhood · nowNVDA-USDG
+3.51%
7d avg:+3.56%
SHORT Lighter · now
+10.52%
7d avg:+6.91%
Entry Spread Now
+0.027%
In your favorL ask 213.4600 · S bid 213.5170+$2.67 at entry
24h range +0.01%…+0.10% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$3.73
+0.04%
$Avg Daily PnL
+$0.92
+0.0092%
★Best Day
+$2.35
Oct 26
◎Open Interest
Lighter Robinhood$7.72M
Lighter$4.52M⚡Funding APR
+3.35%
annualized · funding only
⚠Execution Cost
−$2.69
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
Lighter Robinhood$25.80MLighter$14.58MLoading 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 (−$2.69 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.