Emergence of periodic in magnetic moment effective QED action

We evaluate for the inhomogeneous static electric Sauter step potential the imaginary part of the emerging homogeneous in electric field effective Euler-Heisenberg-Schwinger action sourced by vacuum fluctuations of a charged particle with magnetic moment of arbitrary strength. The result is convergent for all values of gyromagnetic ratio g, periodic in g, with a cusp at g=2. We consider the relation to the QED beta-function which is also found to be periodic in g. We confirm presence of asymptotic freedom conditions using this novel method and document a wider range of g-values for which asymptotic freedom is present.