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updated —OPENAI Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~366d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.25%
7d Period Avg+7.74%
swing±14.56%
LONG Lighter Robinhood · nowOPENAI-USDG
+0.00%
7d avg:+0.42%
SHORT QFEX · now
+0.25%
7d avg:+8.16%
Entry Spread Now
−7.526%
Against youL 1,378.19 · S 1,274.47−$752.60 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
−$10.25
−0.10%
$Avg Daily PnL
+$2.12
+0.0212%
★Best Day
+$3.60
Nov 8
◎Open Interest
Lighter Robinhood$3.23M
QFEX$848.5K⚡Funding APR
+7.74%
annualized · funding only
⚠Execution Cost
−$25.10
entry + exit fees
⏱Payback
11.8d
to break even
◧24h Volume
Lighter Robinhood$8.67MQFEX$1.09MLoading 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 (−$25.10 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.