← Back to Screener
updated —XRP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+30.95%
3d Period Avg+5.28%
swing±3.82%
LONG Hyperliquid · now
−19.99%
3d avg:+5.68%
SHORT Variational · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.064%
Against youL ask 0.9902 · S bid 0.9896−$6.36 at entry
24h range −0.35%…+0.33% · median −0.08%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$9.72
−0.10%
$Avg Daily PnL
+$1.68
+0.0168%
★Best Day
+$2.45
Nov 14
◎Open Interest
Hyperliquid$87.62M
Variational$2.33M⚡Funding APR
+6.13%
annualized · funding only
⚠Execution Cost
−$14.76
entry + exit fees
⏱Payback
8.8d
to break even
◧24h Volume
Hyperliquid$93.33MVariational$8.08MLoading 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 (−$14.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.