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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−3.51%
3d Period Avg+0.94%
swing±3.31%
LONG Lighter Robinhood · nowXRP-USDG
−1.75%
3d avg:+9.01%
SHORT Lighter · now
−5.26%
3d avg:+9.95%
Entry Spread Now
+0.033%
In your favorL 1.2823 · S 1.2827+$3.29 if it converges
24h range −0.04%…+0.05% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$0.77
+0.01%
$Avg Daily PnL
+$0.26
+0.0026%
★Best Day
+$0.52
Oct 29
◎Open Interest
Lighter Robinhood$608.3K
Lighter$2.18M⚡Funding APR
+0.94%
annualized · funding only
⚠Execution Cost
+$0.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter Robinhood$801.4KLighter$3.35MLoading 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 (+$0.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.