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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 ~83d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg−0.12%
swing±1.33%
LONG Lighter · now
+10.52%
3d avg:+10.52%
SHORT Binance Futures · now
+10.96%
3d avg:+10.40%
Entry Spread Now
−0.131%
Against youL 0.2444 · S 0.2440−$13.12 if it converges
24h range −0.24%…+0.23% · median −0.03%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$9.98
−0.10%
$Avg Daily PnL
+$0.01
+0.0001%
★Best Day
+$0.28
Oct 1
◎Open Interest
Lighter$33.2K
Binance Futures$3.40M⚡Funding APR
+0.03%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
42.2mo
to break even
◧24h Volume
Lighter$1.5KBinance Futures$3.29MLoading 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.