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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 ~1.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.50%
3d Period Avg+38.83%
swing±31.76%
LONG Binance Futures · now
+10.96%
3d avg:+10.96%
SHORT Lighter · now
+46.46%
3d avg:+49.79%
Entry Spread Now
+0.539%
In your favorL 0.3595 · S 0.3614+$53.93 if it converges
24h range −0.01%…+0.74% · median +0.44%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$21.39
+0.21%
$Avg Daily PnL
+$10.46
+0.1046%
★Best Day
+$13.21
Sep 27
◎Open Interest
Binance Futures$10.21M
Lighter$129.0K⚡Funding APR
+38.19%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
23.0h
to break even
◧24h Volume
Binance Futures$8.57MLighter$8.6KLoading 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.