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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 ~5.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+18.41%
7d Period Avg+27.25%
swing±22.55%
LONG Lighter Robinhood · nowZEC-USDG
+10.52%
7d avg:+14.27%
SHORT Coinbase International · nowZEC-PERP
+28.93%
7d avg:+41.52%
Entry Spread Now
−0.091%
Against youL ask 1,586.3 · S bid 1,584.86−$9.08 at entry
24h range −0.10%…+0.23% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$27.17
+0.27%
$Avg Daily PnL
+$7.46
+0.0746%
★Best Day
+$13.40
Sep 25
◎Open Interest
Lighter Robinhood$1.40M
Coinbase International$3.49M⚡Funding APR
+27.23%
annualized · funding only
⚠Execution Cost
−$25.06
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Lighter Robinhood$5.69MCoinbase International$7.34MLoading 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 (−$25.06 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.