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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 ~30d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.41%
3d Period Avg−3.80%
swing±5.01%
LONG Lighter Robinhood · nowAMZN-USDG
+3.51%
3d avg:+5.70%
SHORT QFEX · now
+6.92%
3d avg:+1.90%
Entry Spread Now
−0.020%
Against youL ask 249.4800 · S bid 249.4300−$2.00 at entry
24h range −0.27%…+0.24% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.050%/taker0.100%
Loading Funding History…
↗Total PnL
−$31.18
−0.31%
$Avg Daily PnL
−$1.04
−0.0104%
★Best Day
−$0.04
Sep 28
◎Open Interest
Lighter Robinhood$1.16M
QFEX$802.9K⚡Funding APR
−3.79%
annualized · funding only
⚠Execution Cost
−$28.06
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$1.72MQFEX$22.2KLoading 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 (−$28.06 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.