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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−12.86%
3d Period Avg+6.64%
swing±16.53%
LONG QFEX · now
−0.29%
3d avg:+0.25%
SHORT Lighter · now
−13.15%
3d avg:+6.89%
Entry Spread Now
+0.022%
In your favorL ask 1,759.19 · S bid 1,759.57+$2.16 at entry
24h range −0.36%…+0.31% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$17.90
−0.18%
$Avg Daily PnL
+$1.82
+0.0182%
★Best Day
+$4.72
Sep 25
◎Open Interest
QFEX$824.3K
Lighter$3.02M⚡Funding APR
+6.63%
annualized · funding only
⚠Execution Cost
−$23.35
entry + exit fees
⏱Payback
12.8d
to break even
◧24h Volume
QFEX$5.13MLighter$5.90MLoading 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 (−$23.35 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.