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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
−1.43%
3d Period Avg+4.19%
swing±6.95%
LONG QFEX · now
+4.94%
3d avg:+1.95%
SHORT Lighter · now
+3.51%
3d avg:+6.14%
Entry Spread Now
−0.070%
Against youL ask 225.4400 · S bid 225.2810−$7.05 at entry
24h range −0.31%…+0.05% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$22.44
−0.22%
$Avg Daily PnL
+$1.15
+0.0115%
★Best Day
+$2.02
Sep 25
◎Open Interest
⚡Funding APR
+4.18%
annualized · funding only
⚠Execution Cost
−$25.88
entry + exit fees
⏱Payback
22.6d
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 (−$25.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.