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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 ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+24.11%
7d Period Avg−5.16%
swing±18.05%
LONG Lighter Robinhood · nowSOL-USDG
−30.68%
7d avg:+10.66%
SHORT Ondo · nowSOL-USD.P
−6.57%
7d avg:+5.50%
Entry Spread Now
−0.005%
NeutralL ask 121.2860 · S bid 121.2800
24h range −0.16%…+0.15% · median −0.00%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$23.95
−0.24%
$Avg Daily PnL
−$1.41
−0.0141%
★Best Day
+$0.71
Sep 22
◎Open Interest
Lighter Robinhood$4.28M
Ondo$657.6K⚡Funding APR
−5.16%
annualized · funding only
⚠Execution Cost
−$14.05
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$14.33MOndo$1.30MLoading 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 (−$14.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.