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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 ~29d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.75%
3d Period Avg+0.03%
swing±4.86%
LONG Lighter Robinhood · nowXAG-USDG
+3.51%
3d avg:+4.68%
SHORT Coinbase International · nowSILVER-PERP
+5.26%
3d avg:+4.71%
Entry Spread Now
−0.113%
Against youL ask 63.3818 · S bid 63.3100−$11.33 at entry
24h range −0.15%…+0.04% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$13.79
−0.14%
$Avg Daily PnL
+$0.01
+0.0001%
★Best Day
+$0.86
Sep 27
◎Open Interest
Lighter Robinhood$4.76M
Coinbase International$1.49M⚡Funding APR
+0.04%
annualized · funding only
⚠Execution Cost
−$13.82
entry + exit fees
⏱Payback
46.1mo
to break even
◧24h Volume
Lighter Robinhood$5.02MCoinbase International$490.8KLoading 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 (−$13.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.