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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 ~9.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.97%
3d Period Avg+9.53%
swing±13.60%
LONG Lighter · now
+10.52%
3d avg:+3.36%
SHORT Binance Futures · now
+14.49%
3d avg:+12.89%
Entry Spread Now
−0.005%
NeutralL 0.3645 · S 0.3645
24h range −1.03%…+0.93% · median +0.02%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$2.99
−0.03%
$Avg Daily PnL
+$2.34
+0.0234%
★Best Day
+$3.55
Oct 8
◎Open Interest
Lighter$1.10M
Binance Futures$34.96M⚡Funding APR
+8.53%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Lighter$720.4KBinance Futures$34.03MLoading 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.