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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 ~3.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.07%
3d Period Avg+14.20%
swing±5.30%
LONG Binance Futures · now
−1.55%
3d avg:−3.68%
SHORT Lighter · now
+10.52%
3d avg:+10.52%
Entry Spread Now
+0.081%
In your favorL 278.2176 · S 278.4420+$8.07 if it converges
24h range −0.05%…+0.15% · median +0.06%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$1.63
+0.02%
$Avg Daily PnL
+$3.88
+0.0388%
★Best Day
+$4.70
Oct 9
◎Open Interest
Binance Futures$88.25M
Lighter$538.4K⚡Funding APR
+14.15%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Binance Futures$38.58MLighter$20.0KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.