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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 ~0.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+71.00%
3d Period Avg+1.37%
swing±34.82%
LONG Variational · now
+0.00%
3d avg:−5.03%
SHORT Lighter Robinhood · nowSKHY-USDG
+71.00%
3d avg:−3.66%
Entry Spread Now
−0.240%
Against youL 128.6785 · S 128.3700−$23.97 if it converges
24h range −0.30%…+0.29% · median −0.10%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$3.38
−0.03%
$Avg Daily PnL
+$0.42
+0.0042%
★Best Day
+$0.84
Nov 13
◎Open Interest
Variational$1.26M
Lighter Robinhood$1.21M⚡Funding APR
+1.52%
annualized · funding only
⚠Execution Cost
−$4.63
entry + exit fees
⏱Payback
11.2d
to break even
◧24h Volume
Variational$874.8KLighter Robinhood$1.06MLoading 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 (−$4.63 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.