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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
−17.53%
7d Period Avg−5.86%
swing±21.72%
LONG Coinbase International · nowGOLD-PERP
+21.04%
7d avg:+15.81%
SHORT Lighter Robinhood · nowXAU-USDG
+3.51%
7d avg:+9.95%
Entry Spread Now
+0.065%
In your favorL ask 4,265.3 · S bid 4,268.07+$6.49 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
−$21.75
−0.22%
$Avg Daily PnL
−$1.60
−0.0160%
★Best Day
+$2.62
Sep 24
◎Open Interest
Coinbase International$2.01M
Lighter Robinhood$15.90M⚡Funding APR
−5.86%
annualized · funding only
⚠Execution Cost
−$10.52
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Coinbase International$476.5KLighter Robinhood$17.04MLoading 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 (−$10.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.