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updated —MU Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~23d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+7.82%
swing±48.44%
LONG QFEX · now
+0.00%
7d avg:−0.32%
SHORT Lighter · now
+3.51%
7d avg:+7.50%
Entry Spread Now
−0.060%
Eaten by executionL 767.4215 · S 766.9600−$6.01 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
−$7.59
−0.08%
$Avg Daily PnL
+$2.14
+0.0214%
★Best Day
+$4.80
Nov 9
◎Open Interest
QFEX$3.06M
Lighter$1.62M⚡Funding APR
+7.82%
annualized · funding only
⚠Execution Cost
−$22.58
entry + exit fees
⏱Payback
10.5d
to break even
◧24h Volume
QFEX$4.88MLighter$8.92MLoading 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 (−$22.58 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.