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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
+0.00%
3d Period Avg+1.33%
swing±3.87%
LONG Lighter · now
+10.52%
3d avg:+9.19%
SHORT Lighter Robinhood · nowZEC-USDG
+10.52%
3d avg:+10.52%
Entry Spread Now
−0.411%
Against youL ask 1,324.1 · S bid 1,318.66−$41.08 at entry
24h range −0.11%…+0.12% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.03
−0.05%
$Avg Daily PnL
+$0.32
+0.0032%
★Best Day
+$0.75
Oct 27
◎Open Interest
Lighter$17.37M
Lighter Robinhood$1.05M⚡Funding APR
+1.17%
annualized · funding only
⚠Execution Cost
−$5.99
entry + exit fees
⏱Payback
18.7d
to break even
◧24h Volume
Lighter$54.99MLighter Robinhood$2.74MLoading 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 (−$5.99 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.