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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 ~18d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.02%
7d Period Avg+3.08%
swing±2.91%
LONG Lighter · nowUS500-USDC
+3.51%
7d avg:+2.26%
SHORT Ondo · nowUS500-USD.P
+5.52%
7d avg:+5.34%
Entry Spread Now
−0.010%
Against youL ask 7,718.5 · S bid 7,717.7−$1.04 at entry
24h range −0.05%…+0.02% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$4.24
−0.04%
$Avg Daily PnL
+$0.84
+0.0084%
★Best Day
+$1.66
Sep 23
◎Open Interest
Lighter$2.67M
Ondo$9.34M⚡Funding APR
+3.08%
annualized · funding only
⚠Execution Cost
−$10.14
entry + exit fees
⏱Payback
12.0d
to break even
◧24h Volume
Lighter$2.21MOndo$770.4KLoading 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 (−$10.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.