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updated —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
−91.78%
7d Period Avg+2.43%
swing±21.31%
LONG Lighter Robinhood · nowSNDK-USDG
+0.88%
7d avg:+3.88%
SHORT Ondo · nowSNDK-USD.P
−90.90%
7d avg:+6.31%
Entry Spread Now
−0.065%
Against youL ask 1,774.16 · S bid 1,773−$6.54 at entry
24h range −0.10%…+0.02% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$7.36
−0.07%
$Avg Daily PnL
+$0.67
+0.0067%
★Best Day
+$2.10
Sep 21
◎Open Interest
Lighter Robinhood$2.14M
Ondo$1.46M⚡Funding APR
+2.43%
annualized · funding only
⚠Execution Cost
−$12.03
entry + exit fees
⏱Payback
18.0d
to break even
◧24h Volume
Lighter Robinhood$4.50MOndo$506.9KLoading 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 (−$12.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.