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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 ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+44.71%
7d Period Avg+18.09%
swing±10.08%
LONG Lighter Robinhood · nowSPCX-USDG
+3.51%
7d avg:+3.51%
SHORT Coinbase International · nowSPCX-PERP
+48.21%
7d avg:+21.60%
Entry Spread Now
+0.013%
In your favorL ask 149.5300 · S bid 149.5500+$1.34 at entry
24h range −0.03%…+0.13% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$14.48
+0.14%
$Avg Daily PnL
+$4.95
+0.0495%
★Best Day
+$6.95
Sep 25
◎Open Interest
Lighter Robinhood$2.68M
Coinbase International$1.04M⚡Funding APR
+18.08%
annualized · funding only
⚠Execution Cost
−$20.20
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Lighter Robinhood$4.33MCoinbase International$43.4KLoading 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 (−$20.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.