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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β23.23%
3d Period Avgβ17.92%
swingΒ±27.94%
LONG Binance Futures Β· now
+10.96%
3d avg:+3.97%
SHORT Lighter Β· now
β12.27%
3d avg:β13.95%
Entry Spread Now
β0.074%
Eaten by executionL 0.08685 Β· S 0.08679β$7.38 if it converges
24h range β0.41%β¦+0.68% Β· median β0.06%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding Historyβ¦
βTotal PnL
β$45.82
β0.46%
$Avg Daily PnL
β$4.71
β0.0471%
β
Best Day
+$0.78
Oct 8
βOpen Interest
Binance Futures$38.10M
Lighter$5.34Mβ‘Funding APR
β17.20%
annualized Β· funding only
β Execution Cost
β$31.69
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Binance Futures$24.76MLighter$420.9KLoading Cumulative PnLβ¦
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 (β$31.69 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.