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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
−7.96%
7d Period Avg+5.57%
swing±10.50%
LONG Lighter · now
+10.52%
7d avg:−3.01%
SHORT Binance Futures · now
+2.56%
7d avg:+2.56%
Entry Spread Now
+1.024%
In your favorL ask 10.3371 · S bid 10.4430+$102.45 at entry
24h range −0.06%…+0.25% · median +0.03%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.00
−0.15%
$Avg Daily PnL
+$1.47
+0.0147%
★Best Day
+$3.74
Oct 10
◎Open Interest
Lighter$1.41M
Binance Futures$106.27M⚡Funding APR
+5.38%
annualized · funding only
⚠Execution Cost
−$25.31
entry + exit fees
⏱Payback
17.2d
to break even
◧24h Volume
Lighter$1.06MBinance Futures$78.90MLoading 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 (−$25.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.