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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 ~26d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.02%
3d Period Avg+3.70%
swing±9.06%
LONG Lighter Robinhood · nowSPCX-USDG
+3.51%
3d avg:+3.51%
SHORT Ondo · nowSPCX-USD.P
+5.52%
3d avg:+7.21%
Entry Spread Now
−0.107%
Against youL ask 149.8000 · S bid 149.6400−$10.68 at entry
24h range −0.13%…+0.05% · median −0.11%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$11.28
−0.11%
$Avg Daily PnL
+$1.01
+0.0101%
★Best Day
+$1.79
Sep 27
◎Open Interest
Lighter Robinhood$2.69M
Ondo$3.32M⚡Funding APR
+3.70%
annualized · funding only
⚠Execution Cost
−$14.32
entry + exit fees
⏱Payback
14.1d
to break even
◧24h Volume
Lighter Robinhood$4.84MOndo$125.1KLoading 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 (−$14.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.