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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
−0.44%
3d Period Avg+12.98%
swing±13.03%
LONG Binance Futures · now
+10.96%
3d avg:+6.75%
SHORT Lighter · now
+10.52%
3d avg:+19.73%
Entry Spread Now
+0.810%
In your favorL ask 0.5123 · S bid 0.5164+$81.01 at entry
24h range −0.21%…+0.54% · median +0.12%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$13.39
−0.13%
$Avg Daily PnL
+$3.42
+0.0342%
★Best Day
+$4.16
Sep 30
◎Open Interest
Binance Futures$113.03M
Lighter$7.39M⚡Funding APR
+12.47%
annualized · funding only
⚠Execution Cost
−$23.64
entry + exit fees
⏱Payback
6.9d
to break even
◧24h Volume
Binance Futures$326.72MLighter$2.81MLoading 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 (−$23.64 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.