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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 ~27d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+3.68%
swing±0.50%
LONG QFEX · now
+0.00%
7d avg:−0.17%
SHORT Lighter Robinhood · nowOPENAI-USDG
+3.51%
7d avg:+3.51%
Entry Spread Now
+5.270%
In your favorL 1,591.08 · S 1,674.93+$527.00 if it converges
24h range +4.38%…+5.44% · median +4.77%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$18.68
−0.19%
$Avg Daily PnL
+$1.01
+0.0101%
★Best Day
+$1.07
Sep 24
◎Open Interest
⚡Funding APR
+3.68%
annualized · funding only
⚠Execution Cost
−$25.73
entry + exit fees
⏱Payback
25.5d
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 (−$25.73 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.