Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Phemex−0.132%46s7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as 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−$1041.038% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.132%, 7d avg −0.050%
=Funding pays, the price is against you. Polymarket Perps is 0.083% cheaper against Phemex than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.050%). If the spread goes back, that is −$8 on $10k: about 5.5 days of funding at the current rate (+$2 a day). 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 | Phemex RKLBUSDT | 71.830 | 0 | get 0.0000% / 8h | 4h 07m | $2.0M | $848K | 10x |
| Short | Polymarket Perps RKLB-USD | 71.735 | 0.0050 | get 0.0006% / 1h | 7m 24s | $326K | $1.7M | 10x |
Phemex RKLBUSDT
Polymarket Perps RKLB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: −0.132% → −0.050%
- −$8.27
- Slippage, 4 orders
- −$83.79
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$101.56
- Costs to cover
- 1.038%
- Break-even
- 74.7 days
Slippage from Phemex: live order book, 1 min ago; Polymarket Perps: 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 Phemex live order book, 1 min ago | 2.79 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 2.72 bp | 7.0 bp −$7 | 7.4 bp −$74 | 17.7 bp −$1,771 | 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 | −0.0145% | 8h | 71.650 | −0.251% | $1.2M | $130K | 20x | as long as short |
| edgeX RKLBUSDC | −0.0133% | 4h | 71.811 | −0.026% | $42K | $260K | 10x | as long as short |
| Aster RKLBUSDT | 0.0000% | 8h | 71.752 | −0.108% | $25K | $49K | 20x | as long as short |
| Extended RKLB-USD | 0.0000% | 1h | 71.770 | −0.084% | $14K | $193K | 10x | as long as short |
| Binance RKLBUSDT | 0.0000% | 8h | 71.788 | −0.059% | $11.2M | $39.1M | 20x | as long as short |
| Bybit RKLBUSDT | 0.0000% | 8h | 71.800 | −0.042% | $2.5M | $1.9M | 25x | as long as short |
| OKX RKLB-USDT-SWAP | 0.0000% | 8h | 71.800 | −0.042% | $4.0M | $5.5M | 20x | as long as short |
| Gate RKLB_USDT | 0.0000% | 8h | 71.810 | −0.028% | $4.9M | $16.4M | 75x | as long as short |
| Bitget RKLBUSDT | 0.0000% | 8h | 71.810 | −0.028% | $4.6M | $5.2M | 20x | as long as short |
| Variational Omni RKLB | 0.0000% | 8h | 71.812 | −0.025% | $301K | $329K | — | as long as short |
KuCoin RKLBUSDTM
edgeX RKLBUSDC
Aster RKLBUSDT
Extended RKLB-USD
Binance RKLBUSDT
Bybit RKLBUSDT
OKX RKLB-USDT-SWAP
Gate RKLB_USDT
Bitget RKLBUSDT
Variational Omni RKLBShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT RKLB_USDT_Perp | 0.0000% | 8h | 71.850 | +0.028% | $6K | $147K | 10x | as long as short |
| SunX RKLB-USDT | 0.0000% | 8h | 71.830 | 0.000% | $2K | $6.1M | 10x | as long as short |
| HTX RKLB-USDT | 0.0000% | 8h | 71.820 | −0.014% | $9K | $27K | 20x | as long as short |
| Phemex RKLBUSDTlong | 0.0000% | 8h | 71.830 | long leg | $2.0M | $848K | 10x | |
| Injective RKLB/USDC PERP | +0.0018% | 1h | 71.070 | −1.058% | $31K | $5K | 12x | as long as short |
| Lighter RKLB | +0.0032% | 1h | 71.920 | +0.125% | $127K | $44K | 10x | as long as short |
| QFEX RKLB-USD | +0.0038% | 1h | 71.770 | −0.084% | $1.2M | $1.6M | 10x | as long as short |
| Polymarket Perps RKLB-USDshort | +0.0050% | 1h | 71.735 | −0.132% | $326K | $1.7M | 10x | |
| Vest RKLB-USD-PERP | +0.0065% | 1h | 71.940 | +0.153% | — | $214K | 25x | as long as short |
| tradeXYZ xyz:RKLB | +0.0100% | 1h | 71.757 | −0.102% | $12.1M | $3.4M | 10x | as long as short |
| ApeX Omni RKLBUSDT | +0.0100% | 1h | 71.790 | −0.056% | $44K | $133K | 50x | as long as short |
| Aevo RKLB-PERP | +0.0104% | 1h | 71.776 | −0.075% | — | — | 10x | as long as short |
| BloFin RKLB-USDT | +0.0120% | 8h | 71.840 | +0.014% | $234K | $316K | 20x | as long as short |
GRVT RKLB_USDT_Perp
SunX RKLB-USDT
HTX RKLB-USDT
Injective RKLB/USDC PERP
Lighter RKLB
QFEX RKLB-USD
Vest RKLB-USD-PERP
tradeXYZ xyz:RKLB
ApeX Omni RKLBUSDT
Aevo RKLB-PERP
BloFin RKLB-USDT