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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
−2.28%
3d Period Avg+11.76%
swing±11.70%
LONG Lighter · now
+10.52%
3d avg:−12.56%
SHORT Binance Futures · now
+8.24%
3d avg:−0.80%
Entry Spread Now
+0.080%
In your favorL ask 10.5256 · S bid 10.5340+$7.98 at entry
24h range −0.28%…+0.25% · median +0.03%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$9.22
−0.09%
$Avg Daily PnL
+$2.62
+0.0262%
★Best Day
+$3.74
Oct 10
◎Open Interest
Lighter$1.25M
Binance Futures$105.96M⚡Funding APR
+9.55%
annualized · funding only
⚠Execution Cost
−$17.07
entry + exit fees
⏱Payback
6.5d
to break even
◧24h Volume
Lighter$1.36MBinance Futures$85.74MLoading 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 (−$17.07 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.