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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
−3.51%
7d Period Avg−1.33%
swing±2.78%
LONG Lighter Robinhood · nowMETA-USDG
+3.51%
7d avg:+4.23%
SHORT QFEX · now
+0.00%
7d avg:+2.90%
Entry Spread Now
−0.097%
Against youL ask 749.4700 · S bid 748.7400−$9.74 at entry
24h range −0.30%…+0.32% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.050%/taker0.100%
Loading Funding History…
↗Total PnL
−$32.11
−0.32%
$Avg Daily PnL
−$0.37
−0.0037%
★Best Day
+$0.16
Sep 25
◎Open Interest
Lighter Robinhood$1.43M
QFEX$932.5K⚡Funding APR
−1.33%
annualized · funding only
⚠Execution Cost
−$29.55
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$2.28MQFEX$35.3KLoading 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 (−$29.55 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.