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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
−6.14%
7d Period Avg+4.32%
swing±5.02%
LONG QFEX · now
+0.00%
7d avg:−0.44%
SHORT Lighter Robinhood · nowSNDK-USDG
−6.14%
7d avg:+3.88%
Entry Spread Now
+0.003%
NeutralL ask 1,773.77 · S bid 1,773.83
24h range −0.33%…+0.34% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$19.06
−0.19%
$Avg Daily PnL
+$1.18
+0.0118%
★Best Day
+$1.65
Sep 27
◎Open Interest
⚡Funding APR
+4.31%
annualized · funding only
⚠Execution Cost
−$27.33
entry + exit fees
⏱Payback
23.1d
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 + live L2 orderbook slippage on both legs (−$27.33 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.