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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
−8.91%
7d Period Avg+14.70%
swing±25.45%
LONG Lighter · now
+10.52%
7d avg:−12.23%
SHORT Binance Futures · now
+1.61%
7d avg:+2.47%
Entry Spread Now
−0.076%
Against youL ask 110.1140 · S bid 110.0300−$7.63 at entry
24h range −0.16%…+0.14% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$21.48
+0.21%
$Avg Daily PnL
+$4.82
+0.0482%
★Best Day
+$16.87
Oct 8
◎Open Interest
Lighter$27.57M
Binance Futures$934.15M⚡Funding APR
+17.60%
annualized · funding only
⚠Execution Cost
−$12.27
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Lighter$127.49MBinance Futures$652.28MLoading 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.