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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 ~8.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.39%
7d Period Avg+6.53%
swing±6.88%
LONG Binance Futures · now
+5.13%
7d avg:+3.99%
SHORT Lighter · now
+10.52%
7d avg:+10.52%
Entry Spread Now
+0.058%
Eaten by executionL 1.1133 · S 1.1139+$5.84 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
+$0.43
+0.00%
$Avg Daily PnL
+$1.79
+0.0179%
★Best Day
+$3.86
Oct 5
◎Open Interest
Binance Futures$138.27M
Lighter$1.19M⚡Funding APR
+6.54%
annualized · funding only
⚠Execution Cost
−$12.11
entry + exit fees
⏱Payback
6.8d
to break even
◧24h Volume
Binance Futures$221.54MLighter$490.4KLoading 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 (−$12.11 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.