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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
+32.26%
7d Period Avg+4.41%
swing±10.29%
LONG Ondo · nowNVDA-USD.P
−81.35%
7d avg:+6.03%
SHORT Lighter · now
−49.09%
7d avg:+10.44%
Entry Spread Now
+0.044%
In your favorL ask 224.4700 · S bid 224.5690+$4.41 at entry
24h range +0.03%…+0.08% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$2.87
−0.03%
$Avg Daily PnL
+$1.37
+0.0137%
★Best Day
+$2.22
Sep 25
◎Open Interest
Ondo$1.64M
Lighter$3.28M⚡Funding APR
+5.00%
annualized · funding only
⚠Execution Cost
−$12.45
entry + exit fees
⏱Payback
9.1d
to break even
◧24h Volume
Ondo$70.4KLighter$4.12MLoading 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 (−$12.45 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.