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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 ~34d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.02%
3d Period Avg+1.02%
swing±21.88%
LONG Lighter Robinhood · nowORCL-USDG
+3.51%
3d avg:+3.76%
SHORT Ondo · nowORCL-USD.P
+5.52%
3d avg:+4.78%
Entry Spread Now
−0.022%
Eaten by executionL 137.4400 · S 137.4097−$2.20 if it converges
24h range −0.19%…+0.01% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$18.25
−0.18%
$Avg Daily PnL
+$0.28
+0.0028%
★Best Day
+$1.71
Sep 26
◎Open Interest
Lighter Robinhood$603.5K
Ondo$804.8K⚡Funding APR
+1.01%
annualized · funding only
⚠Execution Cost
−$19.08
entry + exit fees
⏱Payback
2.3mo
to break even
◧24h Volume
Lighter Robinhood$191.7KOndo$388.4KLoading 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 (−$19.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.