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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 ~0.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+17.53%
7d Period Avg+10.75%
swing±28.32%
LONG Lighter Robinhood · nowSNDK-USDG
+3.51%
7d avg:+4.47%
SHORT Lighter · now
+21.04%
7d avg:+15.22%
Entry Spread Now
−0.028%
Against youL ask 1,348.81 · S bid 1,348.43−$2.82 at entry
24h range −0.01%…+0.12% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$16.99
+0.17%
$Avg Daily PnL
+$2.94
+0.0294%
★Best Day
+$6.68
Oct 26
◎Open Interest
Lighter Robinhood$7.11M
Lighter$7.80M⚡Funding APR
+10.74%
annualized · funding only
⚠Execution Cost
−$3.61
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
Lighter Robinhood$21.04MLighter$23.81MLoading 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 (−$3.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.