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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
−3.51%
7d Period Avg+16.85%
swing±11.71%
LONG QFEX · now
+0.00%
7d avg:+4.25%
SHORT Lighter · now
−3.51%
7d avg:+21.10%
Entry Spread Now
−0.049%
Against youL ask 343.8000 · S bid 343.6300−$4.94 at entry
24h range −0.11%…+0.20% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$8.22
+0.08%
$Avg Daily PnL
+$4.61
+0.0461%
★Best Day
+$7.65
Sep 24
◎Open Interest
QFEX$684.6K
Lighter$2.76M⚡Funding APR
+16.83%
annualized · funding only
⚠Execution Cost
−$24.06
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
QFEX$23.7KLighter$1.50MLoading 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 (−$24.06 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.