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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 ~63d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.39%
3d Period Avg−1.78%
swing±2.67%
LONG Lighter Robinhood · nowSPCX-USDG
+3.51%
3d avg:+3.51%
SHORT QFEX · nowSPCX-USD
+4.89%
3d avg:+1.73%
Entry Spread Now
−0.053%
Eaten by executionL 149.7400 · S 149.6600−$5.34 if it converges
24h range −0.20%…+0.03% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.050%/taker0.100%
Loading Funding History…
↗Total PnL
−$25.32
−0.25%
$Avg Daily PnL
−$0.49
−0.0049%
★Best Day
+$0.48
Sep 25
◎Open Interest
⚡Funding APR
−1.77%
annualized · funding only
⚠Execution Cost
−$23.86
entry + exit fees
⏱Payback
never
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 + fees only (orderbook snapshot stale) on both legs (−$23.86 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.