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updated —OPENAI 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
−0.53%
3d Period Avg+6.38%
swing±10.77%
LONG Lighter Robinhood · nowOPENAI-USDG
+0.88%
3d avg:+0.41%
SHORT QFEX · now
+0.35%
3d avg:+6.79%
Entry Spread Now
−7.589%
Against youL 1,378.29 · S 1,273.69−$758.89 if it converges
24h range −7.94%…−6.80% · median −7.57%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.050%/taker0.100%
Loading Funding History…
↗Total PnL
−$20.54
−0.21%
$Avg Daily PnL
+$1.75
+0.0175%
★Best Day
+$2.96
Nov 12
◎Open Interest
Lighter Robinhood$3.24M
QFEX$848.0K⚡Funding APR
+6.37%
annualized · funding only
⚠Execution Cost
−$25.78
entry + exit fees
⏱Payback
14.8d
to break even
◧24h Volume
Lighter Robinhood$8.36MQFEX$1.01MLoading 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 (−$25.78 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.