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updated —POL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.01%
3d Period Avg+17.46%
swing±10.20%
LONG Binance Futures · now
−4.05%
3d avg:−6.50%
SHORT Phemex · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.092%
Eaten by executionL 0.08296 · S 0.08304+$9.19 if it converges
24h range −0.33%…+0.36% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$7.60
−0.08%
$Avg Daily PnL
+$4.80
+0.0480%
★Best Day
+$7.75
Nov 12
◎Open Interest
Binance Futures$11.09M
Phemex$1.59M⚡Funding APR
+17.52%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.6d
to break even
◧24h Volume
Binance Futures$9.85MPhemex$706.2KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.