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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
−27.93%
3d Period Avg−2.31%
swing±2.55%
LONG Lighter Robinhood · nowMETA-USDG
+35.94%
3d avg:+4.01%
SHORT QFEX · now
+8.01%
3d avg:+1.70%
Entry Spread Now
−0.105%
Against youL ask 745.9800 · S bid 745.2000−$10.46 at entry
24h range −0.30%…+0.32% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.050%/taker0.100%
Loading Funding History…
↗Total PnL
−$32.45
−0.32%
$Avg Daily PnL
−$0.63
−0.0063%
★Best Day
+$0.19
Sep 25
◎Open Interest
Lighter Robinhood$1.43M
QFEX$925.5K⚡Funding APR
−2.30%
annualized · funding only
⚠Execution Cost
−$30.56
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$2.40MQFEX$36.2KLoading 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 (−$30.56 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.