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updated —XRP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+1.77%
swing±9.95%
LONG Lighter · now
−1.75%
3d avg:+4.09%
SHORT grvt · nowXRP_USDT_Perp
−1.75%
3d avg:+5.86%
Entry Spread Now
−2.509%
Against youL ask 1.0150 · S bid 0.9895−$250.88 at entry
24h range −0.31%…+0.27% · median −0.01%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$16.35
−0.16%
$Avg Daily PnL
−$0.34
−0.0034%
★Best Day
+$0.39
Nov 13
◎Open Interest
Lighter$1.45M
grvt$897.6K⚡Funding APR
−1.25%
annualized · funding only
⚠Execution Cost
−$15.32
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$7.03Mgrvt$35.13MLoading 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 (−$15.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.