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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
β42.52%
7d Period Avgβ5.34%
swingΒ±20.99%
LONG Binance Futures Β· now
+10.96%
7d avg:+5.97%
SHORT Lighter Β· now
β31.56%
7d avg:+0.63%
Entry Spread Now
β0.046%
Eaten by executionL 0.08737 Β· S 0.08733β$4.58 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$42.31
β0.42%
$Avg Daily PnL
β$1.52
β0.0152%
β
Best Day
+$1.80
Oct 7
βOpen Interest
Binance Futures$38.52M
Lighter$5.38Mβ‘Funding APR
β5.54%
annualized Β· funding only
β Execution Cost
β$31.69
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Binance Futures$24.88MLighter$500.2KLoading 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.