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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~0.3d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+240.52%
3d Period Avgβ9.45%
swingΒ±13.49%
LONG Lighter Robinhood Β· nowSKHY-USDG
β7.01%
3d avg:+19.19%
SHORT Hotcoin Β· now
+233.51%
3d avg:+9.74%
Entry Spread Now
+0.172%
In your favorL ask 133.3000 Β· S bid 133.5300+$17.25 at entry
24h range β0.45%β¦+0.49% Β· median +0.28%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding Historyβ¦
βTotal PnL
β$23.57
β0.24%
$Avg Daily PnL
β$1.68
β0.0168%
β
Best Day
+$0.27
Oct 17
βOpen Interest
Lighter Robinhood$1.48M
Hotcoin$20.17Mβ‘Funding APR
β6.12%
annualized Β· funding only
β Execution Cost
β$18.54
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Lighter Robinhood$2.29MHotcoin$6.83MLoading Cumulative PnLβ¦
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 (β$18.54 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.