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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 ~1.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+47.12%
3d Period Avg+20.16%
swing±26.48%
LONG Lighter Robinhood · nowSPCX-USDG
+3.51%
3d avg:+3.51%
SHORT Bitget · nowSPCXUSDT
+50.62%
3d avg:+23.67%
Entry Spread Now
−0.013%
Against youL ask 148.8600 · S bid 148.8400−$1.34 at entry
24h range −0.31%…+0.24% · median +0.03%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$2.97
−0.03%
$Avg Daily PnL
+$5.46
+0.0546%
★Best Day
+$11.29
Sep 29
◎Open Interest
Lighter Robinhood$2.53M
Bitget$33.42M⚡Funding APR
+19.92%
annualized · funding only
⚠Execution Cost
−$19.34
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Lighter Robinhood$6.42MBitget$49.77MLoading 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 (−$19.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.