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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 ~23d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.80%
3d Period Avg+4.10%
swing±7.20%
LONG QFEX · now
−0.29%
3d avg:+0.25%
SHORT Lighter Robinhood · nowSNDK-USDG
+3.51%
3d avg:+4.35%
Entry Spread Now
+0.035%
In your favorL ask 1,759.19 · S bid 1,759.8+$3.47 at entry
24h range −0.33%…+0.34% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$20.47
−0.20%
$Avg Daily PnL
+$1.12
+0.0112%
★Best Day
+$1.65
Sep 27
◎Open Interest
QFEX$824.3K
Lighter Robinhood$2.08M⚡Funding APR
+4.09%
annualized · funding only
⚠Execution Cost
−$23.83
entry + exit fees
⏱Payback
21.3d
to break even
◧24h Volume
QFEX$5.13MLighter Robinhood$5.09MLoading 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 (−$23.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.