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updated —MU 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
−14.03%
3d Period Avg+11.04%
swing±11.41%
LONG QFEX · now
+0.00%
3d avg:−1.06%
SHORT Lighter · now
−14.03%
3d avg:+9.98%
Entry Spread Now
−0.074%
Eaten by executionL 767.0209 · S 766.4500−$7.44 if it converges
24h range −0.28%…+0.47% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$13.77
−0.14%
$Avg Daily PnL
+$3.02
+0.0302%
★Best Day
+$3.88
Nov 13
◎Open Interest
QFEX$3.14M
Lighter$1.61M⚡Funding APR
+11.03%
annualized · funding only
⚠Execution Cost
−$22.84
entry + exit fees
⏱Payback
7.6d
to break even
◧24h Volume
QFEX$4.93MLighter$8.78MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$22.84 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.