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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
+0.00%
7d Period Avg−0.46%
swing±2.15%
LONG Lighter Robinhood · nowMSFT-USDG
+0.00%
7d avg:+3.51%
SHORT QFEX · now
+0.00%
7d avg:+3.05%
Entry Spread Now
−0.008%
Against youL ask 516.5900 · S bid 516.5500−$0.77 at entry
24h range −0.14%…+0.17% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.050%/taker0.100%
Loading Funding History…
↗Total PnL
−$27.20
−0.27%
$Avg Daily PnL
−$0.13
−0.0013%
★Best Day
+$0.28
Sep 21
◎Open Interest
⚡Funding APR
−0.46%
annualized · funding only
⚠Execution Cost
−$26.32
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$26.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.