Funding arb · Price arb /

RKLB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.012%

Price spread now: QFEX against Phemex−0.084%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1031.026% of the position

Long on Phemex Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.084%, 7d avg −0.021%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.062% cheaper against Phemex than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.021%). If the spread goes back, that is −$6 on $10k: about 6.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex RKLBUSDT	71.850	0	get 0.0000% / 8h	7h 50m	$2.1M	$788K	10x
Short	QFEX RKLB-USD	71.790	0.0030	get 0.0004% / 1h	50m 13s	$1.2M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $6.38
Price spread: −0.084% → −0.021%: −$6.24
Slippage, 4 orders: −$80.64
Fee Phemex: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$102.5
Costs to cover: 1.026%
Break-even: 119.4 days

Slippage from Phemex: live order book, 3 min ago; QFEX: 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, 3 min ago	2.08 bp	41.3 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	2.08 bp	7.1 bp −$7	9.9 bp −$99	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	−0.0093%	8h	71.780	−0.097%	$1.2M	$125K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	71.824	−0.036%	$25K	$53K	20x	as long as short
Bybit RKLBUSDT	0.0000%	8h	71.820	−0.042%	$2.5M	$1.8M	25x	as long as short
Gate RKLB_USDT	0.0000%	8h	71.860	+0.014%	$3.9M	$14.9M	75x	as long as short
Bitget RKLBUSDT	0.0000%	8h	71.890	+0.056%	$4.7M	$4.9M	20x	as long as short
Variational Omni RKLB	0.0000%	8h	71.999	+0.207%	$268K	$413K	—	as long as short
GRVT RKLB_USDT_Perp	0.0000%	8h	71.954	+0.145%	$6K	$138K	10x	as long as short
SunX RKLB-USDT	0.0000%	8h	71.840	−0.014%	$1K	$6.3M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	71.870	+0.028%	$10K	$25K	20x	as long as short
Phemex RKLBUSDTlong	0.0000%	8h	71.850	long leg	$2.1M	$788K	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX RKLB-USDshort	+0.0030%	1h	71.790	−0.084%	$1.2M	$1.7M	10x
Lighter RKLB	+0.0032%	1h	71.930	+0.111%	$127K	$44K	10x	as long as short
Injective RKLB/USDC PERP	+0.0033%	1h	69.710	−2.978%	$30K	$6K	12x	as long as short
Extended RKLB-USD	+0.0040%	1h	71.815	−0.049%	$16K	$172K	10x	as long as short
Binance RKLBUSDT	+0.0041%	8h	71.839	−0.015%	$11.2M	$37.7M	20x	as long as short
tradeXYZ xyz:RKLB	+0.0050%	1h	71.837	−0.018%	$12.0M	$2.9M	10x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	71.812	−0.053%	$330K	$1.7M	10x	as long as short
Vest RKLB-USD-PERP	+0.0072%	1h	72.010	+0.223%	—	$328K	25x	as long as short
OKX RKLB-USDT-SWAP	+0.0076%	8h	71.860	+0.014%	$4.1M	$5.1M	20x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	71.910	+0.084%	$44K	$134K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	71.812	−0.052%	—	—	10x	as long as short
BloFin RKLB-USDT	+0.0161%	8h	72.050	+0.278%	$233K	$311K	20x	as long as short
edgeX RKLBUSDC	+0.0196%	4h	71.940	+0.125%	$42K	$257K	10x	as long as short