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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
−4.51%
3d Period Avg+7.76%
swing±11.70%
LONG QFEX · now
+8.01%
3d avg:+1.70%
SHORT Lighter · now
+3.51%
3d avg:+9.46%
Entry Spread Now
−0.009%
Against youL ask 745.5300 · S bid 745.4600−$0.94 at entry
24h range −0.35%…+0.26% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$19.43
−0.19%
$Avg Daily PnL
+$2.12
+0.0212%
★Best Day
+$4.18
Sep 25
◎Open Interest
QFEX$925.5K
Lighter$1.89M⚡Funding APR
+7.75%
annualized · funding only
⚠Execution Cost
−$25.80
entry + exit fees
⏱Payback
12.2d
to break even
◧24h Volume
QFEX$36.2KLighter$2.55MLoading 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 (−$25.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.