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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−22.18%
7d Period Avg+1.90%
swing±5.08%
LONG Lighter Robinhood · nowTSLA-USDG
+3.51%
7d avg:+3.51%
SHORT Ondo · nowTSLA-USD.P
−18.67%
7d avg:+5.41%
Entry Spread Now
−0.091%
Against youL ask 372.8700 · S bid 372.5300−$9.12 at entry
24h range −0.14%…−0.05% · median −0.09%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$10.55
−0.11%
$Avg Daily PnL
+$0.52
+0.0052%
★Best Day
+$1.00
Sep 27
◎Open Interest
Lighter Robinhood$1.52M
Ondo$1.51M⚡Funding APR
+1.90%
annualized · funding only
⚠Execution Cost
−$14.19
entry + exit fees
⏱Payback
27.3d
to break even
◧24h Volume
Lighter Robinhood$2.31MOndo$452.4KLoading 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 (−$14.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.