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updated —STRC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg−10.22%
swing±25.38%
LONG QFEX · now
+0.00%
3d avg:−22.25%
SHORT Lighter · now
+0.00%
3d avg:−32.47%
Entry Spread Now
−0.092%
Eaten by executionL 99.7504 · S 99.6590−$9.16 if it converges
24h range −0.34%…−0.04% · median −0.13%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$28.40
−0.28%
$Avg Daily PnL
−$2.80
−0.0280%
★Best Day
+$0.73
Nov 14
◎Open Interest
QFEX$1.04M
Lighter$866.0K⚡Funding APR
−10.22%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
QFEX$213.6KLighter$621.3KLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.