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updated 9:14:59 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+42.44%
1d Period Avg+15.85%
swing±7.21%
LONG Lighter Robinhood · nowXRP-USDG
−15.78%
1d avg:+10.88%
SHORT Reya · nowXRPRUSDPERP
+26.66%
1d avg:+26.73%
Entry Spread Now
−0.038%
Eaten by executionL 1.3056 · S 1.3051−$3.76 if it converges
24h range −0.40%…+0.14% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$7.18
−0.07%
$Avg Daily PnL
+$2.17
+0.0217%
★Best Day
+$3.01
Sep 16
◎Open Interest
Lighter Robinhood$337.0K
Reya$576.3K⚡Funding APR
+7.92%
annualized · funding only
⚠Execution Cost
−$11.52
entry + exit fees
⏱Payback
5.3d
to break even
◧24h Volume
Lighter Robinhood$1.11MReya$9.8KLoading 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 (−$11.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.