Funding arb · Price arb /

RKLB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h +0.007%

Price spread now: Bitget against QFEX+0.057%7-day average +0.068% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.051%+$5 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.057%, 7d avg +0.068%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.051%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.051% in total (about 5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX RKLB-USD	70.380	0.0030	pay 0.0004% / 1h	33m 41s	$1.2M	$1.6M	10x
Short	Bitget RKLBUSDT	70.420	−0.0382	pay 0.0382% / 8h	2h 33m	$4.5M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$86.55
Price spread: +0.057% → +0.068%: −$1.14
Slippage, 4 orders: −$31.36
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$141.05
Costs to cover: 0.534%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Bitget: 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 QFEX live order book, 3 min ago	2.83 bp	7.8 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.84 bp	13.8 bp −$14	33.4 bp −$334	86.6 bp −$8,656	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
edgeX RKLBUSDC	−0.0957%	4h	70.566	+0.265%	$41K	$262K	10x	as long as short
Bitget RKLBUSDTshort	−0.0382%	8h	70.420	+0.057%	$4.5M	$5.2M	20x
KuCoin RKLBUSDTM	−0.0324%	8h	70.340	−0.057%	$1.2M	$130K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	70.353	−0.039%	$24K	$49K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	70.355	−0.035%	$13K	$209K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	70.373	−0.010%	$11.0M	$40.4M	20x	as long as short
Bybit RKLBUSDT	0.0000%	8h	70.380	0.000%	$2.4M	$2.0M	25x	as long as short
OKX RKLB-USDT-SWAP	0.0000%	8h	70.420	+0.057%	$3.9M	$5.6M	20x	as long as short
Gate RKLB_USDT	0.0000%	8h	70.400	+0.028%	$4.8M	$16.4M	75x	as long as short
Variational Omni RKLB	0.0000%	8h	70.534	+0.219%	$275K	$351K	—	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT RKLB_USDT_Perp	0.0000%	8h	70.621	+0.342%	$6K	$159K	10x	as long as short
SunX RKLB-USDT	0.0000%	8h	70.460	+0.114%	$2K	$6.1M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	70.550	+0.242%	$9K	$27K	20x	as long as short
Phemex RKLBUSDT	0.0000%	8h	70.480	+0.142%	$2.0M	$913K	10x	as long as short
QFEX RKLB-USDlong	+0.0030%	1h	70.380	long leg	$1.2M	$1.6M	10x
Lighter RKLB	+0.0032%	1h	70.490	+0.156%	$124K	$44K	10x	as long as short
Injective RKLB/USDC PERP	+0.0033%	1h	71.070	+0.980%	$31K	$5K	12x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	70.405	+0.036%	$320K	$1.7M	10x	as long as short
Vest RKLB-USD-PERP	+0.0055%	1h	70.580	+0.284%	—	$214K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	70.640	+0.369%	$43K	$133K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	70.465	+0.120%	—	—	10x	as long as short
tradeXYZ xyz:RKLB	+0.0104%	1h	70.348	−0.045%	$11.8M	$3.5M	10x	as long as short
BloFin RKLB-USDT	+0.0120%	8h	70.650	+0.384%	$231K	$312K	20x	as long as short