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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
−4.38%
7d Period Avg+6.05%
swing±7.83%
LONG Lighter Robinhood · nowXAG-USDG
+6.14%
7d avg:+4.89%
SHORT Coinbase International · nowSILVER-PERP
+1.75%
7d avg:+10.94%
Entry Spread Now
−0.118%
Against youL ask 63.8751 · S bid 63.8000−$11.76 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
−$2.05
−0.02%
$Avg Daily PnL
+$1.66
+0.0166%
★Best Day
+$4.77
Sep 21
◎Open Interest
Lighter Robinhood$4.79M
Coinbase International$1.46M⚡Funding APR
+6.04%
annualized · funding only
⚠Execution Cost
−$13.64
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
Lighter Robinhood$4.74MCoinbase International$488.5KLoading 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 (−$13.64 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.