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updated 2:41:03 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+17.09%
30d Period Avg+1.84%
LONG Lighter · now
−6.14%
30d avg:+3.26%
SHORT Binance Futures · now
+10.96%
30d avg:+5.10%
Entry Spread Now
+0.053%
In your favorL 0.007522 · S 0.007526+$5.32 if it converges
24h range −0.41%…+0.24% · median −0.04%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$2.27
−0.02%
$Avg Daily PnL
+$0.25
+0.0025%
★Best Day
+$11.02
Aug 14
◎Open Interest
Lighter$49.9K
Binance Futures$3.21M⚡Funding APR
+0.91%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
Lighter$15.4KBinance Futures$3.42MLoading Cumulative PnL…
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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.