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updated —XRP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.75%
7d Period Avg+4.08%
swing±7.39%
LONG Hyperliquid · now
−17.43%
7d avg:+3.98%
SHORT Pionex · nowXRP_USDT_PERP
+3.31%
7d avg:+8.06%
Entry Spread Now
+0.015%
In your favorL ask 0.9901 · S bid 0.9903+$1.51 at entry
24h range −0.45%…+0.26% · median +0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$11.88
−0.12%
$Avg Daily PnL
+$1.21
+0.0121%
★Best Day
+$4.54
Nov 9
◎Open Interest
Hyperliquid$87.47M
Pionex$10.69M⚡Funding APR
+4.41%
annualized · funding only
⚠Execution Cost
−$20.34
entry + exit fees
⏱Payback
16.8d
to break even
◧24h Volume
Hyperliquid$92.74MPionex$8.47MLoading 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 (−$20.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.