← Back to Screener
updated —XRP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.4d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.46%
7d Period Avg+3.90%
swing±10.38%
LONG Lighter · now
−7.89%
7d avg:+4.80%
SHORT grvt · nowXRP_USDT_Perp
−1.42%
7d avg:+8.70%
Entry Spread Now
−2.450%
Against youL ask 1.0150 · S bid 0.9901−$244.96 at entry
24h range −0.31%…+0.27% · median −0.01%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$9.04
−0.09%
$Avg Daily PnL
+$0.83
+0.0083%
★Best Day
+$3.89
Nov 9
◎Open Interest
Lighter$1.46M
grvt$896.3K⚡Funding APR
+3.03%
annualized · funding only
⚠Execution Cost
−$14.85
entry + exit fees
⏱Payback
17.9d
to break even
◧24h Volume
Lighter$7.30Mgrvt$35.71MLoading 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 (−$14.85 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.