Funding arb · Price arb /

RKLB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Phemex against Bitget+0.042%46s7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1041.042% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.042%, 7d avg −0.016%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.058% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget RKLBUSDT	71.250	0	get 0.0000% / 8h	5h 57m	$4.5M	$5.1M	20x
Short	Phemex RKLBUSDT	71.280	0	get 0.0000% / 8h	5h 57m	$2.0M	$809K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee PhemexbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.016%: $5.79
Slippage, 4 orders: −$80.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$98.45
Costs to cover: 1.042%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; Phemex: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 6 min ago	1.40 bp	14.9 bp −$15	22.7 bp −$227	67.9 bp −$6,790	doesn't fit
Sell Phemex live order book, 1 min ago	3.51 bp	37.7 bp −$38	doesn't fit	doesn't fit	doesn't fit

RKLB on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RKLBUSDTM	−0.0115%	8h	71.130	−0.168%	$1.2M	$129K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	71.214	−0.051%	$25K	$53K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	71.238	−0.017%	$14K	$199K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	71.251	+0.002%	$11.0M	$38.6M	20x	as long as short
Bybit RKLBUSDT	0.0000%	8h	71.240	−0.014%	$2.4M	$1.9M	25x	as long as short
OKX RKLB-USDT-SWAP	0.0000%	8h	71.270	+0.028%	$4.0M	$5.4M	20x	as long as short
Gate RKLB_USDT	0.0000%	8h	71.270	+0.028%	$4.9M	$16.4M	75x	as long as short
Bitget RKLBUSDTlong	0.0000%	8h	71.250	long leg	$4.5M	$5.1M	20x
Variational Omni RKLB	0.0000%	8h	71.148	−0.144%	$298K	$340K	—	as long as short
GRVT RKLB_USDT_Perp	0.0000%	8h	71.236	−0.019%	$6K	$142K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RKLB-USDT	0.0000%	8h	71.240	−0.014%	$1K	$6.1M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	71.200	−0.070%	$9K	$26K	20x	as long as short
Phemex RKLBUSDTshort	0.0000%	8h	71.280	+0.042%	$2.0M	$809K	10x
QFEX RKLB-USD	+0.0023%	1h	71.230	−0.028%	$1.2M	$1.5M	10x	as long as short
Lighter RKLB	+0.0032%	1h	71.330	+0.112%	$126K	$44K	10x	as long as short
Injective RKLB/USDC PERP	+0.0033%	1h	69.710	−2.161%	$30K	$5K	12x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	71.191	−0.083%	$324K	$1.7M	10x	as long as short
tradeXYZ xyz:RKLB	+0.0053%	1h	71.189	−0.086%	$12.1M	$3.3M	10x	as long as short
Vest RKLB-USD-PERP	+0.0058%	1h	71.360	+0.154%	—	$214K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	71.210	−0.056%	$44K	$135K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	71.240	−0.015%	—	—	10x	as long as short
edgeX RKLBUSDC	+0.0106%	4h	71.168	−0.115%	$42K	$260K	10x	as long as short