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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 ~1.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+23.17%
7d Period Avg+13.68%
swing±21.56%
LONG Binance Futures · now
−12.65%
7d avg:+4.26%
SHORT Lighter · now
+10.52%
7d avg:+17.94%
Entry Spread Now
+0.401%
In your favorL 0.1147 · S 0.1152+$40.09 if it converges
24h range −2.29%…+2.79% · median +0.05%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$17.01
+0.17%
$Avg Daily PnL
+$3.86
+0.0386%
★Best Day
+$8.49
Oct 5
◎Open Interest
Binance Futures$55.59M
Lighter$715.3K⚡Funding APR
+14.08%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Binance Futures$1.39BLighter$8.39MLoading 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.