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updated —META Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~27d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+4.94%
swing±15.36%
LONG QFEX · now
+0.00%
7d avg:−0.40%
SHORT Lighter Robinhood · nowMETA-USDG
+3.51%
7d avg:+4.54%
Entry Spread Now
−0.044%
Against youL ask 640.2300 · S bid 639.9500−$4.37 at entry
24h range −0.48%…+0.48% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$16.37
−0.16%
$Avg Daily PnL
+$1.35
+0.0135%
★Best Day
+$3.82
Nov 12
◎Open Interest
QFEX$791.2K
Lighter Robinhood$3.90M⚡Funding APR
+4.94%
annualized · funding only
⚠Execution Cost
−$25.85
entry + exit fees
⏱Payback
19.1d
to break even
◧24h Volume
QFEX$6.67MLighter Robinhood$8.16MLoading 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 (−$25.85 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.