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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
+0.00%
7d Period Avg+2.46%
swing±57.70%
LONG Lighter Robinhood · nowSOXL-USDG
+3.51%
7d avg:+15.66%
SHORT Lighter · now
+3.51%
7d avg:+18.12%
Entry Spread Now
−0.020%
NeutralL 101.8600 · S 101.8400
24h range −0.12%…+0.15% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$2.26
−0.02%
$Avg Daily PnL
+$0.67
+0.0067%
★Best Day
+$3.51
Oct 26
◎Open Interest
Lighter Robinhood$1.21M
Lighter$996.5K⚡Funding APR
+2.46%
annualized · funding only
⚠Execution Cost
−$6.98
entry + exit fees
⏱Payback
10.3d
to break even
◧24h Volume
Lighter Robinhood$2.28MLighter$23.19MLoading 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 (−$6.98 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.