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updated —BABA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~21d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+7.98%
swing±5.93%
LONG QFEX · now
+0.00%
3d avg:−1.62%
SHORT Lighter Robinhood · nowBABA-USDG
+3.51%
3d avg:+6.36%
Entry Spread Now
−0.060%
Eaten by executionL 93.7960 · S 93.7400−$5.97 if it converges
24h range −0.21%…+0.32% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$13.45
−0.13%
$Avg Daily PnL
+$2.18
+0.0218%
★Best Day
+$2.90
Nov 13
◎Open Interest
QFEX$499.7K
Lighter Robinhood$583.2K⚡Funding APR
+7.97%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
9.2d
to break even
◧24h Volume
QFEX$2.91MLighter Robinhood$657.2KLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.