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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 ~4.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+29.78%
3d Period Avg+7.53%
swing±5.69%
LONG Binance Futures · now
−19.26%
3d avg:+2.99%
SHORT Lighter · now
+10.52%
3d avg:+10.52%
Entry Spread Now
+0.125%
Eaten by executionL 0.1121 · S 0.1122+$12.49 if it converges
24h range −2.29%…+2.79% · median +0.04%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$29.68
−0.30%
$Avg Daily PnL
+$2.18
+0.0218%
★Best Day
+$2.94
Oct 11
◎Open Interest
Binance Futures$53.92M
Lighter$752.3K⚡Funding APR
+7.95%
annualized · funding only
⚠Execution Cost
−$36.21
entry + exit fees
⏱Payback
16.6d
to break even
◧24h Volume
Binance Futures$1.50BLighter$8.76MLoading 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 (−$36.21 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.