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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 ~0.1d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+842.77%
7d Period Avgβ14.52%
swingΒ±21.66%
LONG Lighter Robinhood Β· nowSKHY-USDG
β781.05%
7d avg:+13.57%
SHORT Hotcoin Β· now
+61.72%
7d avg:β0.95%
Entry Spread Now
+0.023%
In your favorL ask 130.3600 Β· S bid 130.3900+$2.30 at entry
24h range +0.12%β¦+0.47% Β· median +0.28%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding Historyβ¦
βTotal PnL
β$48.03
β0.48%
$Avg Daily PnL
β$3.28
β0.0328%
β
Best Day
+$0.70
Oct 17
βOpen Interest
Lighter Robinhood$1.38M
Hotcoin$19.91Mβ‘Funding APR
β11.98%
annualized Β· funding only
β Execution Cost
β$25.06
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Lighter Robinhood$1.91MHotcoin$5.41MLoading 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$25.06 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.