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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−135.00%
7d Period Avg+1.00%
swing±22.66%
LONG QFEX · now
+0.00%
7d avg:+0.00%
SHORT Lighter · now
−135.00%
7d avg:+1.00%
Entry Spread Now
−0.119%
Against youL 191.3984 · S 191.1700−$11.93 if it converges
24h range −0.44%…+0.16% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Limited funding history — chart clipped to available data
- Lighter (Short): data starts Sep 26, 2026 (2d available out of 7d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 100%, short 24% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$16.41
−0.16%
$Avg Daily PnL
+$0.51
+0.0051%
★Best Day
+$1.16
Sep 23
◎Open Interest
⚡Funding APR
+1.87%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.3mo
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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.