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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 ~26d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+9.94%
swing±47.93%
LONG QFEX · now
+0.00%
7d avg:−0.32%
SHORT Lighter Robinhood · nowMU-USDG
+3.51%
7d avg:+9.62%
Entry Spread Now
−0.029%
Against youL ask 767.2800 · S bid 767.0600−$2.87 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
−$6.43
−0.06%
$Avg Daily PnL
+$2.72
+0.0272%
★Best Day
+$5.54
Nov 10
◎Open Interest
QFEX$3.06M
Lighter Robinhood$2.45M⚡Funding APR
+9.93%
annualized · funding only
⚠Execution Cost
−$25.48
entry + exit fees
⏱Payback
9.4d
to break even
◧24h Volume
QFEX$4.88MLighter Robinhood$6.22MLoading 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 (−$25.48 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.