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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
−9.64%
3d Period Avg−23.15%
swing±22.36%
LONG Coinbase International · nowGOLD-PERP
+13.15%
3d avg:+28.62%
SHORT Lighter Robinhood · nowXAU-USDG
+3.51%
3d avg:+5.47%
Entry Spread Now
+0.037%
In your favorL ask 4,236.6 · S bid 4,238.18+$3.73 at entry
24h range −0.01%…+0.10% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.040%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$29.89
−0.30%
$Avg Daily PnL
−$6.34
−0.0634%
★Best Day
+$1.73
Sep 25
◎Open Interest
Coinbase International$2.15M
Lighter Robinhood$16.07M⚡Funding APR
−23.14%
annualized · funding only
⚠Execution Cost
−$10.87
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Coinbase International$492.0KLighter Robinhood$19.47MLoading 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 (−$10.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.