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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 ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.26%
7d Period Avg+3.35%
swing±9.41%
LONG Lighter Robinhood · nowXAG-USDG
+3.51%
7d avg:+10.07%
SHORT Lighter · now
+8.77%
7d avg:+13.42%
Entry Spread Now
−0.015%
Against youL ask 52.3813 · S bid 52.3736−$1.47 at entry
24h range −0.05%…+0.07% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$3.36
+0.03%
$Avg Daily PnL
+$0.92
+0.0092%
★Best Day
+$1.73
Oct 29
◎Open Interest
Lighter Robinhood$2.30M
Lighter$4.37M⚡Funding APR
+3.34%
annualized · funding only
⚠Execution Cost
−$3.05
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
Lighter Robinhood$8.76MLighter$20.00MLoading 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 (−$3.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.