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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
−2.51%
3d Period Avg+10.72%
swing±11.99%
LONG QFEX · now
+6.01%
3d avg:+1.67%
SHORT Lighter · now
+3.51%
3d avg:+12.39%
Entry Spread Now
−0.058%
Against youL ask 343.7100 · S bid 343.5100−$5.82 at entry
24h range −0.11%…+0.20% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$16.16
−0.16%
$Avg Daily PnL
+$2.94
+0.0294%
★Best Day
+$6.57
Sep 25
◎Open Interest
QFEX$683.4K
Lighter$2.70M⚡Funding APR
+10.71%
annualized · funding only
⚠Execution Cost
−$24.97
entry + exit fees
⏱Payback
8.5d
to break even
◧24h Volume
QFEX$23.7KLighter$1.75MLoading 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 (−$24.97 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.