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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
−0.44%
3d Period Avg+4.91%
swing±6.10%
LONG Binance Futures · now
+10.96%
3d avg:+5.61%
SHORT Lighter · now
+10.52%
3d avg:+10.52%
Entry Spread Now
−0.199%
Against youL ask 0.2211 · S bid 0.2207−$19.90 at entry
24h range −0.15%…+0.42% · median +0.05%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$14.40
−0.14%
$Avg Daily PnL
+$1.23
+0.0123%
★Best Day
+$2.40
Oct 9
◎Open Interest
Binance Futures$121.56M
Lighter$5.07M⚡Funding APR
+4.50%
annualized · funding only
⚠Execution Cost
−$18.10
entry + exit fees
⏱Payback
14.7d
to break even
◧24h Volume
Binance Futures$123.31MLighter$2.29MLoading 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 (−$18.10 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.