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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 ~11d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.28%
3d Period Avg+8.54%
swing±10.53%
LONG Lighter · now
+4.38%
3d avg:−3.99%
SHORT Binance Futures · now
+7.66%
3d avg:+4.55%
Entry Spread Now
+0.003%
NeutralL 0.09194 · S 0.09194
24h range −0.30%…+0.39% · median +0.03%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$4.36
−0.04%
$Avg Daily PnL
+$1.88
+0.0188%
★Best Day
+$4.38
Oct 8
◎Open Interest
Lighter$628.7K
Binance Futures$37.90M⚡Funding APR
+6.87%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
5.3d
to break even
◧24h Volume
Lighter$30.0KBinance Futures$25.06MLoading 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.