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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%
7d Period Avg+11.20%
swing±21.08%
LONG Binance Futures · now
+10.96%
7d avg:+8.41%
SHORT Lighter · now
+10.52%
7d avg:+19.61%
Entry Spread Now
+0.027%
In your favorL ask 0.2206 · S bid 0.2207+$2.72 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
+$3.49
+0.03%
$Avg Daily PnL
+$3.05
+0.0305%
★Best Day
+$11.92
Oct 5
◎Open Interest
Binance Futures$121.80M
Lighter$5.13M⚡Funding APR
+11.12%
annualized · funding only
⚠Execution Cost
−$17.84
entry + exit fees
⏱Payback
5.8d
to break even
◧24h Volume
Binance Futures$127.01MLighter$2.23MLoading 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 (−$17.84 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.