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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 ~20d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.38%
3d Period Avg+5.09%
swing±7.69%
LONG QFEX · now
+0.00%
3d avg:+1.13%
SHORT Lighter Robinhood · nowGOOGL-USDG
+4.38%
3d avg:+6.22%
Entry Spread Now
−0.027%
Against youL ask 294.1600 · S bid 294.0800−$2.72 at entry
24h range −0.24%…+0.17% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$19.25
−0.19%
$Avg Daily PnL
+$1.39
+0.0139%
★Best Day
+$1.86
Nov 11
◎Open Interest
QFEX$1.28M
Lighter Robinhood$5.43M⚡Funding APR
+5.09%
annualized · funding only
⚠Execution Cost
−$23.43
entry + exit fees
⏱Payback
16.8d
to break even
◧24h Volume
QFEX$3.54MLighter Robinhood$14.96MLoading 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 (−$23.43 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.