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updated —QQQ 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
−0.65%
3d Period Avg+14.12%
swing±18.22%
LONG Arcus · now
+4.16%
3d avg:−4.83%
SHORT Lighter Robinhood · nowQQQ-USDG
+3.51%
3d avg:+9.29%
Entry Spread Now
+0.111%
In your favorL ask 675.1800 · S bid 675.9300+$11.11 at entry
24h range +0.01%…+0.28% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.022%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$6.33
+0.06%
$Avg Daily PnL
+$3.87
+0.0387%
★Best Day
+$5.53
Nov 12
◎Open Interest
Arcus$19.62M
Lighter Robinhood$26.45M⚡Funding APR
+14.11%
annualized · funding only
⚠Execution Cost
−$5.27
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Arcus$24.24MLighter Robinhood$48.35MLoading 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 (−$5.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.