← Back to Screener
updated —CRCL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~25d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+9.81%
swing±39.49%
LONG QFEX · now
+0.00%
7d avg:+0.59%
SHORT Lighter Robinhood · nowCRCL-USDG
+3.51%
7d avg:+10.40%
Entry Spread Now
+0.015%
NeutralL 60.4930 · S 60.5020
24h range −0.88%…+0.33% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.57
−0.06%
$Avg Daily PnL
+$2.69
+0.0269%
★Best Day
+$7.54
Nov 9
◎Open Interest
QFEX$779.0K
Lighter Robinhood$1.72M⚡Funding APR
+9.81%
annualized · funding only
⚠Execution Cost
−$24.38
entry + exit fees
⏱Payback
9.1d
to break even
◧24h Volume
QFEX$1.50MLighter Robinhood$6.57MLoading 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 (−$24.38 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.