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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 ~21d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.52%
3d Period Avg+2.58%
swing±4.05%
LONG QFEX · nowSPCX-USD
+0.00%
3d avg:+3.13%
SHORT Ondo · nowSPCX-USD.P
+5.52%
3d avg:+5.71%
Entry Spread Now
−0.086%
Eaten by executionL 163.8003 · S 163.6600−$8.57 if it converges
24h range −0.15%…−0.02% · median −0.09%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$29.65
−0.30%
$Avg Daily PnL
+$0.71
+0.0071%
★Best Day
+$1.63
Oct 10
◎Open Interest
⚡Funding APR
+2.58%
annualized · funding only
⚠Execution Cost
−$31.77
entry + exit fees
⏱Payback
1.5mo
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 (−$31.77 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.