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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 ~4.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.90%
7d Period Avg+12.25%
swing±13.95%
LONG Bybit · now
−8.94%
7d avg:−1.29%
SHORT Phemex · now
+10.96%
7d avg:+10.96%
Entry Spread Now
+0.048%
Eaten by executionL 0.08306 · S 0.08310+$4.82 if it converges
24h range −0.34%…+0.41% · median +0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$0.48
+0.00%
$Avg Daily PnL
+$3.35
+0.0335%
★Best Day
+$6.67
Nov 10
◎Open Interest
Bybit$9.85M
Phemex$1.59M⚡Funding APR
+12.24%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
6.9d
to break even
◧24h Volume
Bybit$3.49MPhemex$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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.