Funding arb · Price arb /

RKLB

RWAall RKLB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.008%

Price spread now: Lighter against Bybit+0.142%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.142%, 7d avg +0.121%

Together, before fees+0.129%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.021% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RKLBUSDT	70.320	0	get 0.0000% / 8h	1h 45m	$2.4M	$2.0M	25x
Short	Lighter RKLB	70.420	0.0032	get 0.0004% / 1h	45m 25s	$124K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.142%Rate

Funding earned: $6.72
Price spread: +0.142% → +0.121%: $2.11
Slippage, 4 orders: −$59.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$62.07
Costs to cover: 0.709%
Break-even: 71.7 days

Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 44 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 Bybit live order book, 2 min ago	1.42 bp	15.1 bp −$15	71.2 bp −$712	doesn't fit	doesn't fit
Sell Lighter live order book, 44 min ago	14.20 bp	14.2 bp −$14	16.3 bp −$163	79.0 bp −$7,903	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 RKLBUSDT	−0.0529%	8h	70.410	+0.128%	$4.4M	$5.4M	20x	as long as short
KuCoin RKLBUSDTM	−0.0389%	8h	70.320	0.000%	$1.2M	$131K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	70.350	+0.043%	$24K	$49K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	70.325	+0.007%	$14K	$198K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	70.360	+0.057%	$11.0M	$40.8M	20x	as long as short
Bybit RKLBUSDTlong	0.0000%	8h	70.320	long leg	$2.4M	$2.0M	25x
OKX RKLB-USDT-SWAP	0.0000%	8h	70.350	+0.043%	$3.9M	$5.7M	20x	as long as short
Gate RKLB_USDT	0.0000%	8h	70.330	+0.014%	$4.9M	$16.6M	75x	as long as short
Variational Omni RKLB	0.0000%	8h	70.358	+0.054%	$285K	$357K	—	as long as short
GRVT RKLB_USDT_Perp	0.0000%	8h	70.421	+0.144%	$6K	$167K	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	70.360	+0.057%	$1K	$6.0M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	70.430	+0.156%	$9K	$27K	20x	as long as short
Phemex RKLBUSDT	0.0000%	8h	70.370	+0.071%	$2.0M	$936K	10x	as long as short
Lighter RKLBshort	+0.0032%	1h	70.420	+0.142%	$124K	$45K	10x
Injective RKLB/USDC PERP	+0.0033%	1h	71.070	+1.067%	$31K	$5K	12x	as long as short
QFEX RKLB-USD	+0.0049%	1h	70.320	0.000%	$1.2M	$1.7M	10x	as long as short
tradeXYZ xyz:RKLB	+0.0050%	1h	70.319	−0.001%	$11.8M	$3.5M	10x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	70.308	−0.017%	$320K	$1.7M	10x	as long as short
Vest RKLB-USD-PERP	+0.0055%	1h	70.450	+0.185%	—	$214K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	70.380	+0.085%	$43K	$132K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	70.384	+0.091%	—	—	10x	as long as short
BloFin RKLB-USDT	+0.0120%	8h	70.440	+0.171%	$229K	$312K	20x	as long as short
edgeX RKLBUSDC	+0.0747%	4h	70.422	+0.145%	$41K	$263K	10x	as long as short