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updated —SNDK Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−2.02%
3d Period Avg+10.73%
swing±21.43%
LONG Ondo · nowSNDK-USD.P
+5.52%
3d avg:+3.67%
SHORT Lighter · now
+3.51%
3d avg:+14.40%
Entry Spread Now
+6.358%
In your favorL ask 864.3000 · S bid 919.2500+$635.77 at entry
24h range −0.83%…+0.76% · median +0.09%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.14
−0.05%
$Avg Daily PnL
+$2.95
+0.0295%
★Best Day
+$4.52
Nov 12
◎Open Interest
Ondo$1.14M
Lighter$2.70M⚡Funding APR
+10.76%
annualized · funding only
⚠Execution Cost
−$13.98
entry + exit fees
⏱Payback
4.7d
to break even
◧24h Volume
Ondo$8.84MLighter$13.21MLoading 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 (−$13.98 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.