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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 ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+30.25%
3d Period Avg+15.56%
swing±8.95%
LONG Lighter · now
−23.67%
3d avg:−16.75%
SHORT Binance Futures · now
+6.58%
3d avg:−1.19%
Entry Spread Now
+0.030%
In your favorL ask 1.3949 · S bid 1.3953+$3.05 at entry
24h range −0.05%…+0.18% · median +0.02%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$0.47
+0.00%
$Avg Daily PnL
+$4.22
+0.0422%
★Best Day
+$4.98
Oct 10
◎Open Interest
Lighter$2.40M
Binance Futures$419.65M⚡Funding APR
+15.41%
annualized · funding only
⚠Execution Cost
−$13.13
entry + exit fees
⏱Payback
3.1d
to break even
◧24h Volume
Lighter$3.50MBinance Futures$288.92MLoading 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 (−$13.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.