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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
−9.64%
3d Period Avg+11.26%
swing±10.27%
LONG QFEX · now
+0.00%
3d avg:−1.06%
SHORT Lighter Robinhood · nowMU-USDG
−9.64%
3d avg:+10.20%
Entry Spread Now
−0.036%
Against youL ask 766.7600 · S bid 766.4800−$3.65 at entry
24h range −0.30%…+0.34% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$15.47
−0.15%
$Avg Daily PnL
+$3.08
+0.0308%
★Best Day
+$3.53
Nov 12
◎Open Interest
QFEX$3.14M
Lighter Robinhood$2.44M⚡Funding APR
+11.25%
annualized · funding only
⚠Execution Cost
−$24.72
entry + exit fees
⏱Payback
8.0d
to break even
◧24h Volume
QFEX$4.93MLighter Robinhood$6.07MLoading 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 (−$24.72 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.