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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 ~116d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+0.44%
LONG Lighter Robinhood · nowZEC-USDG
+10.52%
3d avg:+10.52%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.362%
In your favorL ask 1,319.22 · S bid 1,324+$36.23 at entry
24h range −0.10%…+0.16% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$13.67
−0.14%
$Avg Daily PnL
+$0.12
+0.0012%
★Best Day
+$0.12
Oct 27
◎Open Interest
Lighter Robinhood$1.05M
Hyperliquid$682.73M⚡Funding APR
+0.43%
annualized · funding only
⚠Execution Cost
−$14.03
entry + exit fees
⏱Payback
4.0mo
to break even
◧24h Volume
Lighter Robinhood$2.73MHyperliquid$507.13MLoading 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 (−$14.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.