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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 ~6.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.79%
7d Period Avg+5.27%
swing±5.74%
LONG Binance Futures · now
+4.73%
7d avg:+5.64%
SHORT Lighter · now
+10.52%
7d avg:+10.91%
Entry Spread Now
+0.093%
In your favorL 0.4305 · S 0.4309+$9.29 if it converges
24h range −0.36%…+0.41% · median +0.11%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$0.51
+0.01%
$Avg Daily PnL
+$1.50
+0.0150%
★Best Day
+$2.76
Oct 9
◎Open Interest
Binance Futures$15.23M
Lighter$967.0K⚡Funding APR
+5.48%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
6.7d
to break even
◧24h Volume
Binance Futures$11.25MLighter$93.1KLoading 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.