Funding arb · Price arb /

RKLB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0535%/8h= −58.5% APRpaid last 24h +0.007%

Price spread now: Bitget against QFEX+0.199%46s7-day average +0.069% · 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—prices read too far apart to compare

costs, in and out, $10k−$510.506% 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)+0.050%+$5 on $10k

Price spread, last 7 days−0.146%−$15 · spread now +0.199%, 7d avg +0.069%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.131% dearer against QFEX than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.069%): +$13 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 20 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.050% in total (about 4.9% 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	70.250	0.0026	pay 0.0003% / 1h	51m 44s	$1.2M	$1.7M	10x
Short	Bitget RKLBUSDT	70.390	−0.0509	pay 0.0509% / 8h	51m 44s	$4.4M	$5.4M	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 +0.199%Rate

Funding earned: −$112.25
Price spread: +0.199% → +0.069%: $13.06
Slippage, 4 orders: −$28.62
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$149.81
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bitget: 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 QFEX live order book, 5 min ago	2.13 bp	8.5 bp −$9	10.1 bp −$101	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.13 bp	14.6 bp −$15	22.3 bp −$223	66.5 bp −$6,645	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
Bitget RKLBUSDTshort	−0.0509%	8h	70.390	+0.199%	$4.4M	$5.4M	20x
edgeX RKLBUSDC	−0.0461%	4h	70.306	+0.080%	$41K	$262K	10x	as long as short
KuCoin RKLBUSDTM	−0.0417%	8h	70.280	+0.043%	$1.2M	$132K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	70.339	+0.127%	$24K	$45K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	70.271	+0.030%	$13K	$169K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	70.349	+0.142%	$10.9M	$41.0M	20x	as long as short
Bybit RKLBUSDT	0.0000%	8h	70.310	+0.085%	$2.4M	$2.1M	25x	as long as short
OKX RKLB-USDT-SWAP	0.0000%	8h	70.340	+0.128%	$3.9M	$5.7M	20x	as long as short
Gate RKLB_USDT	0.0000%	8h	70.280	+0.043%	$4.7M	$16.7M	75x	as long as short
Variational Omni RKLB	0.0000%	8h	70.307	+0.081%	$274K	$367K	—	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	70.314	+0.092%	$6K	$174K	10x	as long as short
SunX RKLB-USDT	0.0000%	8h	70.240	−0.014%	$946	$6.0M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	70.300	+0.071%	$9K	$27K	20x	as long as short
Phemex RKLBUSDT	0.0000%	8h	70.290	+0.057%	$2.0M	$945K	10x	as long as short
QFEX RKLB-USDlong	+0.0026%	1h	70.250	long leg	$1.2M	$1.7M	10x
Lighter RKLB	+0.0032%	1h	70.460	+0.299%	$124K	$44K	10x	as long as short
Injective RKLB/USDC PERP	+0.0033%	1h	71.070	+1.167%	$31K	$5K	12x	as long as short
Vest RKLB-USD-PERP	+0.0049%	1h	70.390	+0.199%	—	$214K	25x	as long as short
tradeXYZ xyz:RKLB	+0.0050%	1h	70.307	+0.081%	$11.8M	$3.5M	10x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	70.212	−0.054%	$320K	$1.8M	10x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	70.320	+0.100%	$43K	$134K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	70.242	−0.011%	—	—	10x	as long as short
BloFin RKLB-USDT	+0.0120%	8h	70.350	+0.142%	$229K	$312K	20x	as long as short