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updated —GOOGL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~26d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+3.87%
swing±6.43%
LONG QFEX · now
+0.00%
3d avg:+1.13%
SHORT Lighter · now
+3.51%
3d avg:+5.00%
Entry Spread Now
+2.091%
In your favorL ask 294.1600 · S bid 300.3100+$209.07 at entry
24h range −0.29%…+0.19% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$21.90
−0.22%
$Avg Daily PnL
+$1.06
+0.0106%
★Best Day
+$1.41
Nov 11
◎Open Interest
QFEX$1.28M
Lighter$5.17M⚡Funding APR
+3.87%
annualized · funding only
⚠Execution Cost
−$25.08
entry + exit fees
⏱Payback
23.7d
to break even
◧24h Volume
QFEX$3.54MLighter$12.14MLoading 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 (−$25.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.