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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 ~3.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+27.17%
7d Period Avg+2.96%
swing±16.92%
LONG QFEX · now
+0.00%
7d avg:+0.77%
SHORT Lighter · now
+27.17%
7d avg:+3.73%
Entry Spread Now
+2.115%
In your favorL ask 294.0900 · S bid 300.3100+$211.50 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
−$19.25
−0.19%
$Avg Daily PnL
+$0.81
+0.0081%
★Best Day
+$2.75
Nov 11
◎Open Interest
QFEX$1.28M
Lighter$5.17M⚡Funding APR
+2.96%
annualized · funding only
⚠Execution Cost
−$24.93
entry + exit fees
⏱Payback
1.0mo
to break even
◧24h Volume
QFEX$3.52MLighter$12.35MLoading 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 (−$24.93 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.