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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 ~3.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.01%
3d Period Avg+0.55%
swing±3.77%
LONG Hyperliquid · now
−15.42%
3d avg:+5.68%
SHORT Pionex · nowXRP_USDT_PERP
+3.59%
3d avg:+6.23%
Entry Spread Now
+0.022%
In your favorL ask 0.9896 · S bid 0.9898+$2.22 at entry
24h range −0.45%…+0.26% · median +0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.95
−0.19%
$Avg Daily PnL
+$0.48
+0.0048%
★Best Day
+$0.94
Nov 13
◎Open Interest
Hyperliquid$87.45M
Pionex$10.70M⚡Funding APR
+1.76%
annualized · funding only
⚠Execution Cost
−$20.40
entry + exit fees
⏱Payback
1.4mo
to break even
◧24h Volume
Hyperliquid$92.50MPionex$8.44MLoading 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 (−$20.40 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.