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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
−13.50%
7d Period Avg+5.95%
swing±34.63%
LONG QFEX · now
+0.00%
7d avg:+3.34%
SHORT Ondo · nowMSTR-USD.P
−13.50%
7d avg:+9.29%
Entry Spread Now
−0.116%
Against youL ask 155.4100 · S bid 155.2300−$11.58 at entry
24h range −0.40%…+0.20% · median −0.10%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$28.54
−0.29%
$Avg Daily PnL
+$1.63
+0.0163%
★Best Day
+$5.24
Oct 4
◎Open Interest
⚡Funding APR
+5.94%
annualized · funding only
⚠Execution Cost
−$39.94
entry + exit fees
⏱Payback
24.5d
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 (−$39.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.