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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 ~8.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.53%
3d Period Avg+5.52%
swing±11.66%
LONG QFEX · now
−6.02%
3d avg:−0.59%
SHORT Lighter Robinhood · nowSKHY-USDG
+3.51%
3d avg:+4.93%
Entry Spread Now
−0.053%
Eaten by executionL 189.2800 · S 189.1800−$5.28 if it converges
24h range −0.40%…+0.21% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$18.11
−0.18%
$Avg Daily PnL
+$1.51
+0.0151%
★Best Day
+$2.09
Sep 27
◎Open Interest
QFEX$588.6K
Lighter Robinhood$1.20M⚡Funding APR
+5.52%
annualized · funding only
⚠Execution Cost
−$22.65
entry + exit fees
⏱Payback
15.0d
to break even
◧24h Volume
QFEX$1.5KLighter Robinhood$1.06MLoading 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 (−$22.65 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.