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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 ~6.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.52%
7d Period Avg+8.96%
swing±11.79%
LONG Coinbase International · nowXRP-PERP
+0.00%
7d avg:+1.54%
SHORT Lighter Robinhood · nowXRP-USDG
+10.52%
7d avg:+10.50%
Entry Spread Now
−0.040%
Against youL ask 1.5071 · S bid 1.5065−$3.98 at entry
24h range −0.20%…+0.11% · median −0.03%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.040%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$0.44
+0.00%
$Avg Daily PnL
+$2.45
+0.0245%
★Best Day
+$6.65
Sep 24
◎Open Interest
Coinbase International$5.07M
Lighter Robinhood$480.6K⚡Funding APR
+8.95%
annualized · funding only
⚠Execution Cost
−$17.61
entry + exit fees
⏱Payback
7.2d
to break even
◧24h Volume
Coinbase International$13.55MLighter Robinhood$3.33MLoading 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 (−$17.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.