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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
−3.41%
3d Period Avg+5.87%
swing±11.76%
LONG QFEX · now
+6.92%
3d avg:+1.90%
SHORT Lighter · now
+3.51%
3d avg:+7.77%
Entry Spread Now
−0.033%
Against youL ask 249.4400 · S bid 249.3570−$3.33 at entry
24h range −0.27%…+0.25% · median −0.03%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$20.86
−0.21%
$Avg Daily PnL
+$1.61
+0.0161%
★Best Day
+$3.51
Sep 25
◎Open Interest
QFEX$802.9K
Lighter$678.2K⚡Funding APR
+5.86%
annualized · funding only
⚠Execution Cost
−$25.68
entry + exit fees
⏱Payback
16.0d
to break even
◧24h Volume
QFEX$22.2KLighter$852.7KLoading 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 (−$25.68 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.