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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 ~105d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+0.03%
swing±2.04%
LONG Lighter Robinhood · nowSOL-USDG
+10.52%
3d avg:+10.52%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.55%
Entry Spread Now
−0.019%
Against youL ask 100.5490 · S bid 100.5300−$1.89 at entry
24h range −0.07%…+0.05% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$12.59
−0.13%
$Avg Daily PnL
+$0.01
+0.0001%
★Best Day
+$0.12
Oct 28
◎Open Interest
Lighter Robinhood$2.78M
Hyperliquid$567.77M⚡Funding APR
+0.03%
annualized · funding only
⚠Execution Cost
−$12.61
entry + exit fees
⏱Payback
51.5mo
to break even
◧24h Volume
Lighter Robinhood$7.37MHyperliquid$171.61MLoading 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 (−$12.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.