Funding arb · Price arb /

RKLB

RWAall RKLB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Phemex−0.084%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

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

costs, in and out, $10k−$1111.113% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.084%, 7d avg −0.049%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.035% cheaper against Phemex than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.049%). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex RKLBUSDT	71.140	0	get 0.0000% / 8h	3h 39m	$2.0M	$862K	10x
Short	Polymarket Perps RKLB-USD	71.080	0.0050	get 0.0006% / 1h	39m 38s	$323K	$1.7M	10x

Funding 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 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 PhemexbpFee Polymarket PerpsbpOrdersPrice spread, now −0.084%Rate

Funding earned: $10.5
Price spread: −0.084% → −0.049%: −$3.49
Slippage, 4 orders: −$91.27
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$104.26
Costs to cover: 1.113%
Break-even: 76.5 days

Slippage from Phemex: live order book, 4 min ago; Polymarket Perps: 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 Phemex live order book, 4 min ago	2.10 bp	59.1 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.68 bp	5.7 bp −$6	6.2 bp −$62	18.6 bp −$1,858	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	−0.0205%	8h	71.060	−0.112%	$1.2M	$130K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	71.070	−0.098%	$24K	$49K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	71.040	−0.141%	$14K	$191K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	71.050	−0.127%	$11.1M	$39.3M	20x	as long as short
Bybit RKLBUSDT	0.0000%	8h	71.080	−0.084%	$2.4M	$1.9M	25x	as long as short
OKX RKLB-USDT-SWAP	0.0000%	8h	71.060	−0.112%	$4.0M	$5.6M	20x	as long as short
Gate RKLB_USDT	0.0000%	8h	71.060	−0.112%	$4.9M	$16.4M	75x	as long as short
Bitget RKLBUSDT	0.0000%	8h	71.090	−0.070%	$4.5M	$5.2M	20x	as long as short
Variational Omni RKLB	0.0000%	8h	71.143	+0.004%	$299K	$330K	—	as long as short
GRVT RKLB_USDT_Perp	0.0000%	8h	71.142	+0.002%	$6K	$152K	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	71.130	−0.014%	$1K	$6.1M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	71.120	−0.028%	$9K	$27K	20x	as long as short
Phemex RKLBUSDTlong	0.0000%	8h	71.140	long leg	$2.0M	$862K	10x
Lighter RKLB	+0.0032%	1h	71.220	+0.112%	$126K	$44K	10x	as long as short
Injective RKLB/USDC PERP	+0.0033%	1h	71.070	−0.098%	$31K	$5K	12x	as long as short
QFEX RKLB-USD	+0.0044%	1h	71.060	−0.112%	$1.2M	$1.6M	10x	as long as short
tradeXYZ xyz:RKLB	+0.0050%	1h	71.061	−0.111%	$12.0M	$3.5M	10x	as long as short
Polymarket Perps RKLB-USDshort	+0.0050%	1h	71.080	−0.084%	$323K	$1.7M	10x
Vest RKLB-USD-PERP	+0.0065%	1h	71.270	+0.183%	—	$214K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	71.310	+0.239%	$44K	$133K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	71.096	−0.061%	—	—	10x	as long as short
BloFin RKLB-USDT	+0.0120%	8h	71.150	+0.014%	$233K	$313K	20x	as long as short
edgeX RKLBUSDC	+0.0636%	4h	71.165	+0.035%	$42K	$261K	10x	as long as short