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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−3.41%
3d Period Avg+4.01%
swing±2.13%
LONG QFEX · nowGOLD-USD
+6.92%
3d avg:+1.46%
SHORT Lighter Robinhood · nowXAU-USDG
+3.51%
3d avg:+5.47%
Entry Spread Now
−0.057%
Against youL ask 4,240.6 · S bid 4,238.18−$5.71 at entry
24h range −0.08%…+0.10% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$24.56
−0.25%
$Avg Daily PnL
+$1.10
+0.0110%
★Best Day
+$1.46
Sep 25
◎Open Interest
⚡Funding APR
+4.00%
annualized · funding only
⚠Execution Cost
−$27.85
entry + exit fees
⏱Payback
25.4d
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 + live L2 orderbook slippage on both legs (−$27.85 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.