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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 ~0.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+69.95%
7d Period Avg+9.58%
swing±13.35%
LONG Ondo · nowQQQ-USD.P
−74.34%
7d avg:−5.18%
SHORT Lighter Robinhood · nowQQQ-USDG
−4.38%
7d avg:+4.40%
Entry Spread Now
+0.137%
In your favorL ask 742.2600 · S bid 743.2800+$13.74 at entry
24h range +0.12%…+0.27% · median +0.21%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$7.33
+0.07%
$Avg Daily PnL
+$2.74
+0.0274%
★Best Day
+$5.40
Sep 21
◎Open Interest
Ondo$4.18M
Lighter Robinhood$37.02M⚡Funding APR
+10.01%
annualized · funding only
⚠Execution Cost
−$11.87
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Ondo$210.5KLighter Robinhood$31.17MLoading 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 (−$11.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.