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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
−1.46%
7d Period Avg+6.53%
swing±4.61%
LONG QFEX · nowGOLD-USD
+4.96%
7d avg:+3.42%
SHORT Lighter Robinhood · nowXAU-USDG
+3.51%
7d avg:+9.95%
Entry Spread Now
−0.017%
Against youL ask 4,268.8 · S bid 4,268.07−$1.71 at entry
24h range −0.08%…+0.09% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$15.92
−0.16%
$Avg Daily PnL
+$1.79
+0.0179%
★Best Day
+$2.70
Sep 23
◎Open Interest
QFEX$2.99M
Lighter Robinhood$15.90M⚡Funding APR
+6.53%
annualized · funding only
⚠Execution Cost
−$28.44
entry + exit fees
⏱Payback
15.9d
to break even
◧24h Volume
QFEX$851.4KLighter Robinhood$17.04MLoading 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 (−$28.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.