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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
+3.51%
7d Period Avg+2.85%
swing±5.45%
LONG Lighter Robinhood · nowXRP-USDG
+7.01%
7d avg:+7.06%
SHORT Lighter · now
+10.52%
7d avg:+9.91%
Entry Spread Now
−0.008%
Against youL ask 1.2974 · S bid 1.2973−$0.84 at entry
24h range −0.04%…+0.06% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$0.39
+0.00%
$Avg Daily PnL
+$0.78
+0.0078%
★Best Day
+$2.94
Oct 23
◎Open Interest
Lighter Robinhood$609.6K
Lighter$2.18M⚡Funding APR
+2.85%
annualized · funding only
⚠Execution Cost
−$5.86
entry + exit fees
⏱Payback
7.5d
to break even
◧24h Volume
Lighter Robinhood$888.2KLighter$3.55MLoading 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 (−$5.86 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.