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updated —BNB 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
−1.75%
7d Period Avg+1.78%
swing±8.29%
LONG Pionex · nowBNB_USDT_PERP
+0.00%
7d avg:+4.20%
SHORT Lighter · now
−1.75%
7d avg:+5.98%
Entry Spread Now
+2.366%
In your favorL ask 617.8400 · S bid 632.4578+$236.60 at entry
24h range −0.29%…+0.24% · median −0.11%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$10.41
−0.10%
$Avg Daily PnL
+$0.56
+0.0056%
★Best Day
+$2.68
Nov 9
◎Open Interest
Pionex$2.02M
Lighter$2.89M⚡Funding APR
+2.04%
annualized · funding only
⚠Execution Cost
−$14.31
entry + exit fees
⏱Payback
25.7d
to break even
◧24h Volume
Pionex$7.37MLighter$3.37MLoading 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 (−$14.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.