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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 ~24d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+7.14%
swing±55.79%
LONG QFEX · now
+0.00%
7d avg:+2.06%
SHORT Lighter · now
+3.51%
7d avg:+9.20%
Entry Spread Now
+0.009%
NeutralL 865.0342 · S 865.1100
24h range −0.52%…+0.46% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$9.82
−0.10%
$Avg Daily PnL
+$1.96
+0.0196%
★Best Day
+$5.04
Nov 12
◎Open Interest
QFEX$984.9K
Lighter$2.73M⚡Funding APR
+7.14%
annualized · funding only
⚠Execution Cost
−$23.51
entry + exit fees
⏱Payback
12.0d
to break even
◧24h Volume
QFEX$4.46MLighter$13.34MLoading 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 (−$23.51 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.