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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
7d Period Avg+8.63%
swing±12.18%
LONG Coinbase International · nowXRP-PERP
+0.00%
7d avg:+1.88%
SHORT grvt · nowXRP_USDT_Perp
+10.96%
7d avg:+10.51%
Entry Spread Now
−0.040%
Against youL ask 1.5071 · S bid 1.5065−$3.98 at entry
24h range −0.22%…+0.14% · median −0.02%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.040%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$7.51
−0.08%
$Avg Daily PnL
+$2.46
+0.0246%
★Best Day
+$6.72
Sep 24
◎Open Interest
Coinbase International$5.08M
grvt$1.01M⚡Funding APR
+8.96%
annualized · funding only
⚠Execution Cost
−$24.70
entry + exit fees
⏱Payback
10.1d
to break even
◧24h Volume
Coinbase International$13.55Mgrvt$38.85MLoading 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 (−$24.70 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.