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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%
7d Period Avg+29.41%
swing±41.54%
LONG Binance Futures · now
+10.96%
7d avg:+8.44%
SHORT Lighter · now
+10.52%
7d avg:+37.85%
Entry Spread Now
−0.721%
Against youL ask 0.5202 · S bid 0.5164−$72.09 at entry
24h range −0.43%…+1.47% · median +0.12%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$30.81
+0.31%
$Avg Daily PnL
+$7.85
+0.0785%
★Best Day
+$20.86
Sep 26
◎Open Interest
Binance Futures$115.55M
Lighter$7.51M⚡Funding APR
+28.67%
annualized · funding only
⚠Execution Cost
−$24.17
entry + exit fees
⏱Payback
3.1d
to break even
◧24h Volume
Binance Futures$374.56MLighter$4.06MLoading 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 (−$24.17 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.