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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 ~2.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.47%
7d Period Avg+6.98%
swing±7.00%
LONG Hyperliquid · now
−14.51%
7d avg:+3.98%
SHORT Variational · now
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.046%
Against youL ask 0.9910 · S bid 0.9905−$4.64 at entry
24h range −0.35%…+0.33% · median −0.08%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$0.13
+0.00%
$Avg Daily PnL
+$2.00
+0.0200%
★Best Day
+$5.48
Nov 9
◎Open Interest
Hyperliquid$87.66M
Variational$2.34M⚡Funding APR
+7.31%
annualized · funding only
⚠Execution Cost
−$14.15
entry + exit fees
⏱Payback
7.1d
to break even
◧24h Volume
Hyperliquid$94.15MVariational$8.08MLoading 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 (−$14.15 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.