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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 ~20d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.53%
3d Period Avg−4.95%
swing±7.94%
LONG Lighter Robinhood · nowBABA-USDG
+3.51%
3d avg:+7.21%
SHORT QFEX · now
+8.04%
3d avg:+2.26%
Entry Spread Now
−0.057%
Eaten by executionL 110.2300 · S 110.1671−$5.71 if it converges
24h range −0.11%…+0.42% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.050%/taker0.100%
Loading Funding History…
↗Total PnL
−$29.03
−0.29%
$Avg Daily PnL
−$1.35
−0.0135%
★Best Day
−$0.04
Sep 28
◎Open Interest
⚡Funding APR
−4.94%
annualized · funding only
⚠Execution Cost
−$24.97
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$24.97 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.