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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−70.13%
7d Period Avg+4.61%
swing±12.18%
LONG QFEX · now
+0.00%
7d avg:+3.59%
SHORT Lighter · now
−70.13%
7d avg:+8.20%
Entry Spread Now
−0.064%
Eaten by executionL 118.9823 · S 118.9060−$6.41 if it converges
24h range −0.33%…+0.18% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$11.16
−0.11%
$Avg Daily PnL
+$1.26
+0.0126%
★Best Day
+$2.58
Sep 25
◎Open Interest
⚡Funding APR
+4.61%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
15.8d
to break even
◧24h Volume
Loading 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.