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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 ~47d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.77%
7d Period Avg+6.58%
swing±6.03%
LONG Binance Futures · now
+9.75%
7d avg:+3.87%
SHORT Lighter · now
+10.52%
7d avg:+10.45%
Entry Spread Now
+0.034%
Eaten by executionL 63.9900 · S 64.0120+$3.44 if it converges
24h range −0.08%…+0.10% · median +0.02%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$2.95
+0.03%
$Avg Daily PnL
+$1.85
+0.0185%
★Best Day
+$3.33
Oct 10
◎Open Interest
Binance Futures$73.99M
Lighter$992.2K⚡Funding APR
+6.75%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
5.4d
to break even
◧24h Volume
Binance Futures$37.03MLighter$147.1KLoading 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.