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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
−101.60%
7d Period Avg+2.17%
swing±14.41%
LONG Lighter Robinhood · nowORCL-USDG
−22.79%
7d avg:+3.84%
SHORT Ondo · nowORCL-USD.P
−124.39%
7d avg:+6.01%
Entry Spread Now
−0.071%
Eaten by executionL 136.9200 · S 136.8228−$7.10 if it converges
24h range −0.11%…+0.01% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$10.92
−0.11%
$Avg Daily PnL
+$0.60
+0.0059%
★Best Day
+$1.71
Sep 26
◎Open Interest
Lighter Robinhood$610.0K
Ondo$834.1K⚡Funding APR
+2.17%
annualized · funding only
⚠Execution Cost
−$15.09
entry + exit fees
⏱Payback
25.4d
to break even
◧24h Volume
Lighter Robinhood$119.1KOndo$272.1KLoading 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 (−$15.09 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.