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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 ~75d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
7d Period Avg+1.65%
swing±6.03%
LONG Lighter Robinhood · nowSOL-USDG
+10.52%
7d avg:+7.63%
SHORT Hyperliquid · now
+10.96%
7d avg:+9.28%
Entry Spread Now
−0.016%
NeutralL 101.6460 · S 101.6300
24h range −0.07%…+0.10% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$5.83
−0.06%
$Avg Daily PnL
+$0.45
+0.0045%
★Best Day
+$1.98
Oct 23
◎Open Interest
Lighter Robinhood$2.82M
Hyperliquid$571.95M⚡Funding APR
+1.65%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
19.9d
to break even
◧24h Volume
Lighter Robinhood$7.79MHyperliquid$176.96MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$9.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.