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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
−2.02%
3d Period Avg+2.16%
swing±17.95%
LONG Ondo · nowQQQ-USD.P
+5.52%
3d avg:−0.06%
SHORT Lighter · now
+3.51%
3d avg:+2.10%
Entry Spread Now
+0.065%
In your favorL ask 743.1100 · S bid 743.5900+$6.46 at entry
24h range +0.02%…+0.18% · median +0.13%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$11.42
−0.11%
$Avg Daily PnL
+$0.62
+0.0062%
★Best Day
+$2.43
Sep 25
◎Open Interest
Ondo$4.19M
Lighter$6.02M⚡Funding APR
+2.27%
annualized · funding only
⚠Execution Cost
−$13.29
entry + exit fees
⏱Payback
21.4d
to break even
◧24h Volume
Ondo$179.9KLighter$3.67MLoading 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 (−$13.29 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.