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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~15d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.46%
3d Period Avg+4.03%
swing±2.98%
LONG QFEX · now
+4.94%
3d avg:+1.95%
SHORT Lighter Robinhood · nowNVDA-USDG
+11.40%
3d avg:+5.98%
Entry Spread Now
−0.013%
Against youL ask 225.4400 · S bid 225.4100−$1.33 at entry
24h range −0.22%…+0.14% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$23.12
−0.23%
$Avg Daily PnL
+$1.10
+0.0110%
★Best Day
+$1.11
Sep 26
◎Open Interest
⚡Funding APR
+4.03%
annualized · funding only
⚠Execution Cost
−$26.43
entry + exit fees
⏱Payback
24.0d
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 (−$26.43 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.