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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 ~89d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.18%
3d Period Avg−2.25%
swing±1.97%
LONG Lighter Robinhood · nowTSLA-USDG
+3.51%
3d avg:+3.51%
SHORT QFEX · now
+4.69%
3d avg:+1.26%
Entry Spread Now
−0.059%
Against youL ask 372.9800 · S bid 372.7600−$5.90 at entry
24h range −0.18%…+0.11% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.050%/taker0.100%
Loading Funding History…
↗Total PnL
−$30.50
−0.31%
$Avg Daily PnL
−$0.61
−0.0061%
★Best Day
+$0.05
Sep 25
◎Open Interest
Lighter Robinhood$1.48M
QFEX$687.8K⚡Funding APR
−2.24%
annualized · funding only
⚠Execution Cost
−$28.66
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$2.44MQFEX$26.3KLoading 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 (−$28.66 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.