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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 ~13d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.61%
7d Period Avg+1.27%
swing±3.96%
LONG Ondo · nowXRP-USD.P
+4.91%
7d avg:+9.23%
SHORT Lighter Robinhood · nowXRP-USDG
+10.52%
7d avg:+10.50%
Entry Spread Now
+0.013%
In your favorL ask 1.5063 · S bid 1.5065+$1.33 at entry
24h range −0.15%…+0.20% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$17.90
−0.18%
$Avg Daily PnL
+$0.35
+0.0035%
★Best Day
+$0.66
Sep 26
◎Open Interest
Ondo$547.9K
Lighter Robinhood$480.6K⚡Funding APR
+1.26%
annualized · funding only
⚠Execution Cost
−$20.32
entry + exit fees
⏱Payback
2.0mo
to break even
◧24h Volume
Ondo$159.0KLighter 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 (−$20.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.