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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−5.98%
3d Period Avg+28.84%
swing±20.39%
LONG Lighter · now
+10.52%
3d avg:−27.56%
SHORT Binance Futures · now
+4.54%
3d avg:+1.28%
Entry Spread Now
−0.094%
Against youL ask 110.1140 · S bid 110.0100−$9.44 at entry
24h range −0.16%…+0.07% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$14.34
+0.14%
$Avg Daily PnL
+$8.87
+0.0887%
★Best Day
+$15.04
Oct 8
◎Open Interest
Lighter$26.16M
Binance Futures$932.63M⚡Funding APR
+32.38%
annualized · funding only
⚠Execution Cost
−$12.27
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Lighter$126.44MBinance Futures$639.52MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$12.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.