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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
−24.54%
7d Period Avg+4.45%
swing±13.21%
LONG QFEX · now
+0.00%
7d avg:+4.07%
SHORT Lighter Robinhood · nowCRCL-USDG
−24.54%
7d avg:+8.52%
Entry Spread Now
−0.002%
NeutralL ask 88.7200 · S bid 88.7180
24h range −0.46%…+0.34% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$20.24
−0.20%
$Avg Daily PnL
+$1.22
+0.0122%
★Best Day
+$4.14
Sep 27
◎Open Interest
⚡Funding APR
+4.45%
annualized · funding only
⚠Execution Cost
−$28.78
entry + exit fees
⏱Payback
23.6d
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 + live L2 orderbook slippage on both legs (−$28.78 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.