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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%
7d Period Avg+1.74%
swing±4.14%
LONG Lighter · now
+10.52%
7d avg:+8.78%
SHORT Lighter Robinhood · nowZEC-USDG
+10.52%
7d avg:+10.52%
Entry Spread Now
+0.296%
In your favorL ask 1,351.21 · S bid 1,355.2+$29.56 at entry
24h range −0.07%…+0.12% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$2.70
−0.03%
$Avg Daily PnL
+$0.48
+0.0048%
★Best Day
+$0.87
Oct 25
◎Open Interest
Lighter$17.43M
Lighter Robinhood$1.01M⚡Funding APR
+1.74%
annualized · funding only
⚠Execution Cost
−$6.04
entry + exit fees
⏱Payback
12.7d
to break even
◧24h Volume
Lighter$50.43MLighter Robinhood$2.73MLoading 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 (−$6.04 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.