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updated —BNB Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~60d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.61%
3d Period Avg−0.94%
swing±8.94%
LONG Variational · now
+1.14%
3d avg:+0.57%
SHORT Lighter · now
+1.75%
3d avg:−0.37%
Entry Spread Now
+2.352%
In your favorL ask 617.9270 · S bid 632.4578+$235.15 at entry
24h range −0.17%…+0.42% · median +0.08%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$10.14
−0.10%
$Avg Daily PnL
−$0.06
−0.0006%
★Best Day
+$1.62
Nov 11
◎Open Interest
Variational$6.66M
Lighter$2.89M⚡Funding APR
−0.22%
annualized · funding only
⚠Execution Cost
−$9.96
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$7.62MLighter$3.40MLoading 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 (−$9.96 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.