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updated —HOOD Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~21d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+8.88%
swing±18.18%
LONG QFEX · now
+0.00%
3d avg:−0.93%
SHORT Lighter · now
+3.51%
3d avg:+7.95%
Entry Spread Now
+0.020%
NeutralL 76.3059 · S 76.3210
24h range −0.72%…+0.70% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$12.71
−0.13%
$Avg Daily PnL
+$2.43
+0.0243%
★Best Day
+$3.61
Nov 13
◎Open Interest
QFEX$604.6K
Lighter$695.9K⚡Funding APR
+8.87%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
QFEX$7.73MLighter$645.8KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.