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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~2.1d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+5.26%
7d Period Avgβ1.43%
swingΒ±4.42%
LONG Lighter Robinhood Β· nowXAU-USDG
+3.51%
7d avg:+8.53%
SHORT Lighter Β· now
+8.77%
7d avg:+7.10%
Entry Spread Now
+0.003%
NeutralL ask 4,024.62 Β· S bid 4,024.72
24h range β0.03%β¦+0.05% Β· median +0.00%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding Historyβ¦
βTotal PnL
β$5.81
β0.06%
$Avg Daily PnL
β$0.39
β0.0039%
β
Best Day
+$0.14
Oct 25
βOpen Interest
Lighter Robinhood$9.57M
Lighter$12.61Mβ‘Funding APR
β1.43%
annualized Β· funding only
β Execution Cost
β$3.07
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Lighter Robinhood$41.42MLighter$24.96MLoading Cumulative PnLβ¦
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 (β$3.07 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.