← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~69d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.88%
7d Period Avg+8.35%
swing±11.93%
LONG Coinbase International · nowXRP-PERP
+0.00%
7d avg:+1.54%
SHORT Lighter · now
+0.88%
7d avg:+9.89%
Entry Spread Now
−0.046%
Against youL ask 1.5071 · S bid 1.5064−$4.65 at entry
24h range −0.18%…+0.11% · median −0.03%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.040%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$0.56
−0.01%
$Avg Daily PnL
+$2.29
+0.0229%
★Best Day
+$6.65
Sep 24
◎Open Interest
Coinbase International$5.08M
Lighter$2.34M⚡Funding APR
+8.35%
annualized · funding only
⚠Execution Cost
−$16.57
entry + exit fees
⏱Payback
7.2d
to break even
◧24h Volume
Coinbase International$13.55MLighter$3.39MLoading 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 (−$16.57 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.