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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
−83.28%
7d Period Avg+7.58%
swing±15.09%
LONG QFEX · now
+0.00%
7d avg:+3.95%
SHORT Lighter · now
−83.28%
7d avg:+11.53%
Entry Spread Now
+0.000%
NeutralL ask 160.7500 · S bid 160.7500
24h range −0.44%…+0.29% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$15.18
−0.15%
$Avg Daily PnL
+$2.08
+0.0208%
★Best Day
+$4.51
Sep 24
◎Open Interest
⚡Funding APR
+7.57%
annualized · funding only
⚠Execution Cost
−$29.71
entry + exit fees
⏱Payback
14.3d
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 (−$29.71 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.