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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 ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+28.49%
7d Period Avg+0.59%
swing±11.60%
LONG Lighter Robinhood · nowTSLA-USDG
+3.51%
7d avg:+3.37%
SHORT Ondo · nowTSLA-USD.P
+32.00%
7d avg:+3.96%
Entry Spread Now
−0.098%
Against youL ask 388.9100 · S bid 388.5300−$9.77 at entry
24h range −0.74%…+1.07% · median −0.07%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$8.98
−0.09%
$Avg Daily PnL
+$0.16
+0.0016%
★Best Day
+$0.55
Nov 11
◎Open Interest
Lighter Robinhood$3.79M
Ondo$914.4K⚡Funding APR
+0.59%
annualized · funding only
⚠Execution Cost
−$10.12
entry + exit fees
⏱Payback
2.1mo
to break even
◧24h Volume
Lighter Robinhood$15.67MOndo$5.02MLoading 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 (−$10.12 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.