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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 ~144d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.68%
7d Period Avg−1.05%
swing±3.67%
LONG Lighter Robinhood · nowXAG-USDG
+6.14%
7d avg:+4.89%
SHORT QFEX · nowSILVER-USD
+6.82%
7d avg:+3.84%
Entry Spread Now
−0.055%
Against youL ask 63.8751 · S bid 63.8400−$5.50 at entry
24h range −0.12%…+0.14% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.050%/taker0.100%
Loading Funding History…
↗Total PnL
−$28.78
−0.29%
$Avg Daily PnL
−$0.29
−0.0029%
★Best Day
+$0.56
Sep 22
◎Open Interest
Lighter Robinhood$4.79M
QFEX$735.2K⚡Funding APR
−1.05%
annualized · funding only
⚠Execution Cost
−$26.77
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$4.74MQFEX$263.0KLoading 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 (−$26.77 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.