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 −0.019%

Price spread now: Phemex against Bybit−0.028%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1121.119% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.028%, 7d avg +0.002%

Together, before fees+0.063%+$6 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 0.030% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RKLBUSDT	71.310	0	get 0.0000% / 8h	5h 29m	$2.4M	$1.9M	25x
Short	Phemex RKLBUSDT	71.290	0	get 0.0000% / 8h	5h 29m	$2.0M	$816K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bybit. 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 BybitbpFee PhemexbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.002%: −$3.05
Slippage, 4 orders: −$88.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$114.93
Costs to cover: 1.119%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Phemex: live order book, 4 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 Bybit live order book, 2 min ago	1.40 bp	13.3 bp −$13	57.4 bp −$574	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.40 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit

RKLB on 23 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	−0.0103%	8h	71.250	−0.084%	$1.2M	$129K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	71.276	−0.048%	$24K	$49K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	71.260	−0.071%	$16K	$198K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	71.288	−0.031%	$11.0M	$38.6M	20x	as long as short
Bybit RKLBUSDTlong	0.0000%	8h	71.310	long leg	$2.4M	$1.9M	25x
OKX RKLB-USDT-SWAP	0.0000%	8h	71.300	−0.014%	$4.0M	$5.4M	20x	as long as short
Gate RKLB_USDT	0.0000%	8h	71.320	+0.014%	$4.9M	$16.4M	75x	as long as short
Bitget RKLBUSDT	0.0000%	8h	71.300	−0.014%	$4.6M	$5.1M	20x	as long as short
Variational Omni RKLB	0.0000%	8h	71.305	−0.006%	$299K	$329K	—	as long as short
GRVT RKLB_USDT_Perp	0.0000%	8h	71.320	+0.014%	$6K	$142K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RKLB-USDT	0.0000%	8h	71.280	−0.042%	$2K	$6.1M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	71.330	+0.028%	$9K	$27K	20x	as long as short
Phemex RKLBUSDTshort	0.0000%	8h	71.290	−0.028%	$2.0M	$816K	10x
edgeX RKLBUSDC	+0.0014%	4h	71.287	−0.032%	$42K	$260K	10x	as long as short
QFEX RKLB-USD	+0.0023%	1h	71.270	−0.056%	$1.2M	$1.5M	10x	as long as short
Lighter RKLB	+0.0032%	1h	71.410	+0.140%	$126K	$44K	10x	as long as short
Injective RKLB/USDC PERP	+0.0033%	1h	71.070	−0.337%	$31K	$5K	12x	as long as short
tradeXYZ xyz:RKLB	+0.0050%	1h	71.250	−0.084%	$12.0M	$3.4M	10x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	71.249	−0.086%	$324K	$1.7M	10x	as long as short
Vest RKLB-USD-PERP	+0.0060%	1h	71.430	+0.168%	—	$214K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	71.290	−0.028%	$44K	$135K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	71.262	−0.068%	—	—	10x	as long as short
BloFin RKLB-USDT	+0.0120%	8h	71.350	+0.056%	$234K	$313K	20x	as long as short