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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 ~24d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.02%
3d Period Avg+0.14%
swing±29.88%
LONG Lighter Robinhood · nowSNDK-USDG
+3.51%
3d avg:+4.35%
SHORT Ondo · nowSNDK-USD.P
+5.52%
3d avg:+4.49%
Entry Spread Now
−0.065%
Against youL ask 1,760.24 · S bid 1,759.1−$6.48 at entry
24h range −0.10%…+0.12% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$13.16
−0.13%
$Avg Daily PnL
+$0.04
+0.0004%
★Best Day
+$0.61
Sep 27
◎Open Interest
Lighter Robinhood$2.08M
Ondo$1.45M⚡Funding APR
+0.14%
annualized · funding only
⚠Execution Cost
−$13.28
entry + exit fees
⏱Payback
11.4mo
to break even
◧24h Volume
Lighter Robinhood$5.09MOndo$544.6KLoading 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 (−$13.28 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.