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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
−31.48%
3d Period Avg+9.56%
swing±29.48%
LONG QFEX · now
+8.69%
3d avg:+1.24%
SHORT Lighter · now
−22.79%
3d avg:+10.80%
Entry Spread Now
+0.108%
Eaten by executionL 61.8900 · S 61.9570+$10.83 if it converges
24h range −0.57%…+0.29% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$18.59
−0.19%
$Avg Daily PnL
+$2.62
+0.0262%
★Best Day
+$7.27
Sep 25
◎Open Interest
QFEX$862.1K
Lighter$968.9K⚡Funding APR
+9.56%
annualized · funding only
⚠Execution Cost
−$26.45
entry + exit fees
⏱Payback
10.1d
to break even
◧24h Volume
QFEX$74.0KLighter$1.03MLoading 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 (−$26.45 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.