Funding arb · Price arb /

RKLB

RWAall RKLB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.025%

Price spread now: Bybit against Lighter−0.028%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$710.708% of the position

Long on Lighter Short on Bybit

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)−0.128%−$13 · spread now −0.028%, 7d avg −0.121%

Together, before fees−0.256%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.093% dearer against Lighter than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.121%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RKLB	72.180	0.0032	pay 0.0004% / 1h	51m 59s	$127K	$60K	10x
Short	Bybit RKLBUSDT	72.160	0	get 0.0000% / 8h	5h 51m	$2.4M	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter. 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 LighterbpFee BybitbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$6.72
Price spread: −0.028% → −0.121%: $9.3
Slippage, 4 orders: −$59.84
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.26
Costs to cover: 0.708%
Break-even: never at this rate

Slippage from Lighter: live order book, 53 min ago; Bybit: live order book, 3 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 Lighter live order book, 53 min ago	21.24 bp	21.2 bp −$21	23.4 bp −$234	82.6 bp −$8,255	doesn't fit
Sell Bybit live order book, 3 min ago	2.09 bp	12.8 bp −$13	106.2 bp −$1,062	doesn't fit	doesn't fit

RKLB on 23 exchanges

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
Injective RKLB/USDC PERP	−0.0180%	1h	71.400	−1.081%	$31K	$6K	12x	as long as short
KuCoin RKLBUSDTM	−0.0106%	8h	71.930	−0.346%	$1.2M	$225K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	71.903	−0.384%	$26K	$55K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	71.983	−0.272%	$14K	$220K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	72.118	−0.086%	$11.3M	$44.6M	20x	as long as short
Bybit RKLBUSDTshort	0.0000%	8h	72.160	−0.028%	$2.4M	$2.4M	25x
OKX RKLB-USDT-SWAP	0.0000%	8h	72.210	+0.042%	$4.2M	$6.3M	20x	as long as short
Gate RKLB_USDT	0.0000%	8h	72.110	−0.097%	$4.8M	$16.0M	75x	as long as short
Bitget RKLBUSDT	0.0000%	8h	72.080	−0.139%	$4.6M	$6.2M	20x	as long as short
Variational Omni RKLB	0.0000%	8h	71.702	−0.663%	$300K	$420K	—	as long as short

Show all 23 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RKLB-USDT	0.0000%	8h	72.000	−0.249%	$1K	$5.6M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	71.990	−0.263%	$9K	$6K	20x	as long as short
Phemex RKLBUSDT	0.0000%	8h	72.050	−0.180%	$2.0M	$1.0M	10x	as long as short
QFEX RKLB-USD	+0.0029%	1h	71.980	−0.277%	$1.2M	$1.7M	10x	as long as short
Lighter RKLBlong	+0.0032%	1h	72.180	long leg	$127K	$60K	10x
Polymarket Perps RKLB-USD	+0.0050%	1h	71.954	−0.313%	$323K	$1.7M	10x	as long as short
tradeXYZ xyz:RKLB	+0.0058%	1h	72.050	−0.180%	$12.2M	$3.7M	10x	as long as short
Vest RKLB-USD-PERP	+0.0090%	1h	72.130	−0.069%	—	$214K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	71.770	−0.568%	$44K	$135K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	71.963	−0.301%	—	—	10x	as long as short
BloFin RKLB-USDT	+0.0120%	8h	71.930	−0.346%	$242K	$329K	20x	as long as short
GRVT RKLB_USDT_Perp	+0.0163%	8h	71.839	−0.472%	$6K	$185K	10x	as long as short
edgeX RKLBUSDC	+0.0860%	4h	71.629	−0.764%	$42K	$265K	10x	as long as short