RPL arbitrage explained
Right now Rocket Pool (RPL) trades on 9 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $1.83 and the highest bid on Bybit perp at $1.83.
The widest RPL perpetual spread is between Binance and Bybit: long RPL on Binance at $1.83 and short on Bybit at $1.83 for +0.05% gross, or -0.11% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best RPL route is to buy spot on Gate and short the perpetual on Bybit: +0.11% gross, -0.09% net, with +0.030% a day of funding on the short leg.
Spot–spot RPL arbitrage (buy on Gate, withdraw, deposit and sell on OKX) shows +0.11% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small RPL gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: RPL funding rates · RPL spread charts · Rocket Pool price · arbitrage scanner for all coins.