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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 ~28d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.02%
3d Period Avg+1.74%
swing±7.79%
LONG Lighter Robinhood · nowTSLA-USDG
+3.51%
3d avg:+3.51%
SHORT Ondo · nowTSLA-USD.P
+5.52%
3d avg:+5.25%
Entry Spread Now
−0.107%
Against youL ask 372.9800 · S bid 372.5800−$10.72 at entry
24h range −0.14%…−0.04% · median −0.09%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$14.16
−0.14%
$Avg Daily PnL
+$0.48
+0.0048%
★Best Day
+$1.00
Sep 27
◎Open Interest
Lighter Robinhood$1.48M
Ondo$1.52M⚡Funding APR
+1.74%
annualized · funding only
⚠Execution Cost
−$15.59
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
Lighter Robinhood$2.44MOndo$477.8KLoading 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 (−$15.59 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.