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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 ~2.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.42%
7d Period Avg+2.66%
swing±5.88%
LONG Lighter Robinhood · nowSPCX-USDG
+3.51%
7d avg:+3.51%
SHORT Ondo · nowSPCX-USD.P
+23.93%
7d avg:+6.17%
Entry Spread Now
−0.100%
Against youL ask 149.5300 · S bid 149.3800−$10.03 at entry
24h range −0.13%…−0.06% · median −0.11%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$8.69
−0.09%
$Avg Daily PnL
+$0.73
+0.0073%
★Best Day
+$1.79
Sep 27
◎Open Interest
Lighter Robinhood$2.68M
Ondo$3.29M⚡Funding APR
+2.66%
annualized · funding only
⚠Execution Cost
−$13.79
entry + exit fees
⏱Payback
18.9d
to break even
◧24h Volume
Lighter Robinhood$4.33MOndo$97.0KLoading 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 (−$13.79 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.