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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 ~4.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.13%
3d Period Avg+1.39%
swing±7.11%
LONG Ondo · nowXAG-USD.P
+5.52%
3d avg:+4.84%
SHORT Lighter · now
+16.66%
3d avg:+6.23%
Entry Spread Now
+0.102%
In your favorL ask 63.2900 · S bid 63.3545+$10.19 at entry
24h range +0.04%…+0.23% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$11.42
−0.11%
$Avg Daily PnL
+$0.44
+0.0044%
★Best Day
+$1.98
Sep 25
◎Open Interest
Ondo$5.09M
Lighter$5.00M⚡Funding APR
+1.60%
annualized · funding only
⚠Execution Cost
−$12.74
entry + exit fees
⏱Payback
29.0d
to break even
◧24h Volume
Ondo$620.3KLighter$6.50MLoading 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 (−$12.74 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.