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updated —SKHY Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~21d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.02%
3d Period Avg+2.06%
swing±5.59%
LONG Lighter Robinhood · nowSKHY-USDG
+3.51%
3d avg:+3.04%
SHORT Ondo · nowSKHY-USD.P
+5.52%
3d avg:+5.10%
Entry Spread Now
+0.015%
NeutralL 130.1600 · S 130.1800
24h range −0.30%…+0.26% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$9.77
−0.10%
$Avg Daily PnL
+$0.56
+0.0056%
★Best Day
+$0.67
Nov 13
◎Open Interest
Lighter Robinhood$1.30M
Ondo$529.1K⚡Funding APR
+2.06%
annualized · funding only
⚠Execution Cost
−$11.46
entry + exit fees
⏱Payback
20.3d
to break even
◧24h Volume
Lighter Robinhood$1.68MOndo$5.15MLoading 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 (−$11.46 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.