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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 ~2.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.89%
7d Period Avg+14.79%
swing±25.05%
LONG Lighter Robinhood · nowSPCX-USDG
+10.52%
7d avg:+3.51%
SHORT Bitget · nowSPCXUSDT
+42.41%
7d avg:+18.30%
Entry Spread Now
−0.027%
Against youL ask 148.4900 · S bid 148.4500−$2.69 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
+$9.07
+0.09%
$Avg Daily PnL
+$4.05
+0.0405%
★Best Day
+$11.29
Sep 29
◎Open Interest
Lighter Robinhood$2.53M
Bitget$31.07M⚡Funding APR
+14.79%
annualized · funding only
⚠Execution Cost
−$19.29
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
Lighter Robinhood$6.81MBitget$49.72MLoading 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 (−$19.29 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.