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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
−4.25%
3d Period Avg+5.57%
swing±16.68%
LONG QFEX · now
+7.76%
3d avg:+1.69%
SHORT Lighter · now
+3.51%
3d avg:+7.26%
Entry Spread Now
+0.037%
In your favorL ask 160.7600 · S bid 160.8200+$3.73 at entry
24h range −0.44%…+0.29% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$25.72
−0.26%
$Avg Daily PnL
+$1.52
+0.0152%
★Best Day
+$1.92
Sep 26
◎Open Interest
QFEX$711.4K
Lighter$3.41M⚡Funding APR
+5.56%
annualized · funding only
⚠Execution Cost
−$30.29
entry + exit fees
⏱Payback
19.9d
to break even
◧24h Volume
QFEX$308.3KLighter$2.78MLoading 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 (−$30.29 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.