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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%
7d Period Avg+7.27%
swing±31.64%
LONG QFEX · now
+0.00%
7d avg:−1.27%
SHORT Lighter · now
+3.51%
7d avg:+6.00%
Entry Spread Now
−0.039%
Eaten by executionL 76.3031 · S 76.2730−$3.95 if it converges
24h range −0.72%…+0.70% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$6.07
−0.06%
$Avg Daily PnL
+$1.99
+0.0199%
★Best Day
+$3.61
Nov 13
◎Open Interest
QFEX$602.9K
Lighter$695.7K⚡Funding APR
+7.26%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
10.1d
to break even
◧24h Volume
QFEX$7.73MLighter$661.2KLoading 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.