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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 ~3.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+18.26%
3d Period Avg+41.44%
swing±48.62%
LONG Lighter Robinhood · nowTSLA-USDG
+3.51%
3d avg:+3.51%
SHORT Toobit · nowTSLA-SWAP-USDT
+21.77%
3d avg:+44.95%
Entry Spread Now
−0.022%
Against youL ask 355.3700 · S bid 355.2900−$2.25 at entry
24h range −0.24%…+0.21% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$19.23
+0.19%
$Avg Daily PnL
+$11.34
+0.1134%
★Best Day
+$26.44
Sep 29
◎Open Interest
Lighter Robinhood$1.64M
Toobit$4.46M⚡Funding APR
+41.40%
annualized · funding only
⚠Execution Cost
−$14.79
entry + exit fees
⏱Payback
1.3d
to break even
◧24h Volume
Lighter Robinhood$2.65MToobit$12.64MLoading 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 (−$14.79 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.