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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 ~5.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.10%
3d Period Avg+5.93%
swing±5.64%
LONG Binance Futures · now
+3.42%
3d avg:+4.59%
SHORT Lighter · now
+10.52%
3d avg:+10.52%
Entry Spread Now
+0.048%
Eaten by executionL 1.1052 · S 1.1058+$4.78 if it converges
24h range −0.12%…+0.33% · median +0.05%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$6.01
−0.06%
$Avg Daily PnL
+$1.63
+0.0163%
★Best Day
+$2.75
Oct 9
◎Open Interest
Binance Futures$134.29M
Lighter$1.19M⚡Funding APR
+5.95%
annualized · funding only
⚠Execution Cost
−$10.90
entry + exit fees
⏱Payback
6.7d
to break even
◧24h Volume
Binance Futures$226.69MLighter$484.6KLoading 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 (−$10.90 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.