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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 ~5.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.83%
7d Period Avg+16.96%
swing±8.95%
LONG Binance Futures · now
−3.87%
7d avg:−6.00%
SHORT Phemex · now
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.003%
NeutralL 0.08310 · S 0.08310
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
+$10.36
+0.10%
$Avg Daily PnL
+$4.62
+0.0462%
★Best Day
+$7.75
Nov 12
◎Open Interest
Binance Futures$11.10M
Phemex$1.59M⚡Funding APR
+16.87%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
Binance Futures$10.04MPhemex$713.8KLoading 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.