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updated 10:43:17 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+50.28%
3d Period Avg+15.62%
swing±4.26%
LONG Lighter Robinhood · nowXRP-USDG
−23.67%
3d avg:+10.75%
SHORT Reya · nowXRPRUSDPERP
+26.61%
3d avg:+26.37%
Entry Spread Now
−0.039%
Eaten by executionL 1.2934 · S 1.2929−$3.95 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
+$0.57
+0.01%
$Avg Daily PnL
+$3.21
+0.0321%
★Best Day
+$4.77
Sep 16
◎Open Interest
Lighter Robinhood$324.2K
Reya$570.7K⚡Funding APR
+11.71%
annualized · funding only
⚠Execution Cost
−$12.26
entry + exit fees
⏱Payback
3.8d
to break even
◧24h Volume
Lighter Robinhood$1.12MReya$11.3KLoading 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 (−$12.26 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.