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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+1.66%
swing±3.93%
LONG Ondo · nowXRP-USD.P
+10.96%
3d avg:+8.81%
SHORT Lighter Robinhood · nowXRP-USDG
+10.52%
3d avg:+10.47%
Entry Spread Now
−0.020%
Against youL ask 1.5118 · S bid 1.5115−$1.98 at entry
24h range −0.15%…+0.20% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$23.38
−0.23%
$Avg Daily PnL
+$0.45
+0.0045%
★Best Day
+$0.66
Sep 26
◎Open Interest
Ondo$552.6K
Lighter Robinhood$655.6K⚡Funding APR
+1.64%
annualized · funding only
⚠Execution Cost
−$24.73
entry + exit fees
⏱Payback
1.8mo
to break even
◧24h Volume
Ondo$129.2KLighter Robinhood$3.59MLoading 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 (−$24.73 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.