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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β22.97%
7d Period Avg+2.97%
swingΒ±28.87%
LONG Ondo Β· nowWTI-USD.P
+22.97%
7d avg:β18.41%
SHORT QFEX Β· nowCL-USD
+0.00%
7d avg:β15.44%
Entry Spread Now
β0.275%
Against youL ask 91.0000 Β· S bid 90.7500β$27.47 at entry
24h range β0.44%β¦β0.17% Β· median β0.25%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0.050%/taker0.100%
Loading Funding Historyβ¦
βTotal PnL
β$30.26
β0.30%
$Avg Daily PnL
+$0.66
+0.0066%
β
Best Day
+$6.22
Oct 7
βOpen Interest
Ondo$2.81M
QFEX$2.04Mβ‘Funding APR
+2.42%
annualized Β· funding only
β Execution Cost
β$34.91
entry + exit fees
β±Payback
1.8mo
to break even
β§24h Volume
Ondo$1.19MQFEX$2.11MLoading Cumulative PnLβ¦
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 (β$34.91 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.