← Back to Screener
updated —CRCL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
7d Period Avg+10.66%
swing±35.61%
LONG Variational · now
+0.00%
7d avg:+0.04%
SHORT Lighter Robinhood · nowCRCL-USDG
+3.51%
7d avg:+10.70%
Entry Spread Now
+0.064%
In your favorL 60.4993 · S 60.5380+$6.40 if it converges
24h range −0.36%…+0.64% · median +0.00%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$15.55
+0.16%
$Avg Daily PnL
+$2.84
+0.0284%
★Best Day
+$6.15
Nov 10
◎Open Interest
Variational$1.20M
Lighter Robinhood$1.72M⚡Funding APR
+10.35%
annualized · funding only
⚠Execution Cost
−$4.30
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
Variational$648.6KLighter Robinhood$6.56MLoading 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 (−$4.30 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.