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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 ~5.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.57%
7d Period Avg+7.45%
swing±5.93%
LONG Binance Futures · now
−2.05%
7d avg:+3.07%
SHORT Lighter · now
+10.52%
7d avg:+10.52%
Entry Spread Now
+3.088%
In your favorL ask 168.5100 · S bid 173.7140+$308.82 at entry
24h range −0.20%…+0.31% · median +0.03%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$3.80
−0.04%
$Avg Daily PnL
+$2.11
+0.0211%
★Best Day
+$3.14
Oct 4
◎Open Interest
Binance Futures$65.11M
Lighter$4.69M⚡Funding APR
+7.72%
annualized · funding only
⚠Execution Cost
−$18.60
entry + exit fees
⏱Payback
8.8d
to break even
◧24h Volume
Binance Futures$86.92MLighter$561.6KLoading 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 (−$18.60 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.