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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 ~74d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.61%
3d Period Avg+4.80%
swing±15.40%
LONG Ondo · nowQQQ-USD.P
+5.52%
3d avg:−0.06%
SHORT Lighter Robinhood · nowQQQ-USDG
+6.14%
3d avg:+4.74%
Entry Spread Now
+0.149%
In your favorL ask 743.1100 · S bid 744.2200+$14.94 at entry
24h range +0.07%…+0.27% · median +0.21%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$8.36
−0.08%
$Avg Daily PnL
+$1.34
+0.0134%
★Best Day
+$3.03
Sep 25
◎Open Interest
Ondo$4.19M
Lighter Robinhood$37.37M⚡Funding APR
+4.88%
annualized · funding only
⚠Execution Cost
−$12.37
entry + exit fees
⏱Payback
9.3d
to break even
◧24h Volume
Ondo$179.9KLighter Robinhood$34.38MLoading 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 (−$12.37 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.