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updated —SNDK Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~22d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+12.31%
swing±16.59%
LONG QFEX · now
+0.00%
3d avg:+2.56%
SHORT Lighter Robinhood · nowSNDK-USDG
+3.51%
3d avg:+14.87%
Entry Spread Now
−0.006%
NeutralL 864.8113 · S 864.7600
24h range −0.26%…+0.55% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$11.46
−0.11%
$Avg Daily PnL
+$3.37
+0.0337%
★Best Day
+$6.69
Nov 12
◎Open Interest
QFEX$1.00M
Lighter Robinhood$2.55M⚡Funding APR
+12.30%
annualized · funding only
⚠Execution Cost
−$21.57
entry + exit fees
⏱Payback
6.4d
to break even
◧24h Volume
QFEX$4.50MLighter Robinhood$11.62MLoading 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 (−$21.57 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.