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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
−2.26%
3d Period Avg+4.01%
swing±26.10%
LONG QFEX · now
+2.26%
3d avg:+1.69%
SHORT Lighter · now
+0.00%
3d avg:+5.70%
Entry Spread Now
+0.032%
Eaten by executionL 635.0750 · S 635.2800+$3.23 if it converges
24h range −0.56%…+0.75% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$19.85
−0.20%
$Avg Daily PnL
+$1.10
+0.0110%
★Best Day
+$2.77
Sep 25
◎Open Interest
QFEX$866.0K
Lighter$885.8K⚡Funding APR
+4.01%
annualized · funding only
⚠Execution Cost
−$23.14
entry + exit fees
⏱Payback
21.1d
to break even
◧24h Volume
QFEX$38.8KLighter$1.43MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$23.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.