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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 ~26d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.63%
3d Period Avg+3.53%
swing±0.26%
LONG QFEX · now
−0.12%
3d avg:−0.02%
SHORT Lighter Robinhood · nowOPENAI-USDG
+3.51%
3d avg:+3.51%
Entry Spread Now
+5.066%
In your favorL 1,589.65 · S 1,670.17+$506.55 if it converges
24h range +4.38%…+5.44% · median +4.79%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$23.00
−0.23%
$Avg Daily PnL
+$0.97
+0.0097%
★Best Day
+$0.97
Sep 25
◎Open Interest
⚡Funding APR
+3.52%
annualized · funding only
⚠Execution Cost
−$25.90
entry + exit fees
⏱Payback
26.8d
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 + fees only (orderbook snapshot stale) on both legs (−$25.90 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.