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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 ~1.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+28.00%
7d Period Avg+9.05%
swing±10.81%
LONG Lighter · now
−21.04%
7d avg:−7.30%
SHORT Binance Futures · now
+6.96%
7d avg:+1.75%
Entry Spread Now
+0.266%
In your favorL ask 1.3896 · S bid 1.3933+$26.60 at entry
24h range −0.04%…+0.18% · median +0.02%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$2.26
+0.02%
$Avg Daily PnL
+$2.16
+0.0216%
★Best Day
+$4.98
Oct 10
◎Open Interest
Lighter$2.42M
Binance Futures$418.31M⚡Funding APR
+7.87%
annualized · funding only
⚠Execution Cost
−$12.84
entry + exit fees
⏱Payback
6.0d
to break even
◧24h Volume
Lighter$3.50MBinance Futures$287.40MLoading 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 (−$12.84 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.