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updated —TSLA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~17d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.02%
3d Period Avg+2.87%
swing±4.74%
LONG Lighter · now
+3.51%
3d avg:+3.70%
SHORT Ondo · nowTSLA-USD.P
+5.52%
3d avg:+6.57%
Entry Spread Now
−2.127%
Against youL ask 396.8600 · S bid 388.4200−$212.67 at entry
24h range −0.59%…+1.19% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$6.97
−0.07%
$Avg Daily PnL
+$0.79
+0.0079%
★Best Day
+$0.98
Nov 14
◎Open Interest
Lighter$3.48M
Ondo$914.3K⚡Funding APR
+2.87%
annualized · funding only
⚠Execution Cost
−$9.33
entry + exit fees
⏱Payback
11.9d
to break even
◧24h Volume
Lighter$8.85MOndo$4.59MLoading 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 (−$9.33 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.