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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 ~25d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+5.84%
swing±7.95%
LONG QFEX · now
+0.00%
7d avg:−1.63%
SHORT Lighter Robinhood · nowSKHY-USDG
+3.51%
7d avg:+4.21%
Entry Spread Now
−0.083%
Eaten by executionL 191.3984 · S 191.2400−$8.28 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
−$12.97
−0.13%
$Avg Daily PnL
+$1.60
+0.0160%
★Best Day
+$2.16
Sep 23
◎Open Interest
⚡Funding APR
+5.83%
annualized · funding only
⚠Execution Cost
−$24.16
entry + exit fees
⏱Payback
15.1d
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 (−$24.16 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.