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updated —XRP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+38.39%
1d Period Avg+39.64%
swing±13.74%
LONG Backpack · nowXRP_USDC_PERP
−17.36%
1d avg:−7.57%
SHORT Aftermath · now
+21.02%
1d avg:+32.07%
Entry Spread Now
+0.007%
In your favorL ask 0.9921 · S bid 0.9922+$0.71 at entry
24h range −0.98%…+0.75% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker-0.005%/taker0.045%
Loading Funding History…
↗Total PnL
−$28.08
−0.28%
$Avg Daily PnL
+$10.85
+0.1085%
★Best Day
+$5.53
Nov 13
◎Open Interest
Backpack$835.1K
Aftermath$28.7K⚡Funding APR
+39.61%
annualized · funding only
⚠Execution Cost
−$38.93
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
Backpack$1.32MAftermath$281.6KLoading 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 (−$38.93 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.