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 +0.032%

Price spread now: OKX against Lighter−0.142%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.142%, 7d avg −0.089%

Together, before fees−0.017%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.053% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.089%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RKLB	70.390	0.0032	pay 0.0004% / 1h	44m 19s	$124K	$45K	10x
Short	OKX RKLB-USDT-SWAP	70.290	0	get 0.0000% / 8h	1h 44m	$3.9M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$6.72
Price spread: −0.142% → −0.089%: −$5.34
Slippage, 4 orders: −$60.01
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.07
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Lighter: live order book, 45 min ago; OKX: 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, 45 min ago	14.20 bp	28.1 bp −$28	30.5 bp −$305	90.5 bp −$9,055	doesn't fit
Sell OKX live order book, 3 min ago	2.84 bp	13.6 bp −$14	36.3 bp −$363	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
Bitget RKLBUSDT	−0.0532%	8h	70.310	−0.114%	$4.4M	$5.4M	20x	as long as short
KuCoin RKLBUSDTM	−0.0394%	8h	70.290	−0.142%	$1.2M	$131K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	70.317	−0.104%	$24K	$49K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	70.269	−0.172%	$14K	$198K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	70.288	−0.145%	$11.0M	$40.9M	20x	as long as short
Bybit RKLBUSDT	0.0000%	8h	70.280	−0.156%	$2.4M	$2.0M	25x	as long as short
OKX RKLB-USDT-SWAPshort	0.0000%	8h	70.290	−0.142%	$3.9M	$5.7M	20x
Gate RKLB_USDT	0.0000%	8h	70.270	−0.170%	$4.8M	$16.6M	75x	as long as short
Variational Omni RKLB	0.0000%	8h	70.358	−0.046%	$285K	$357K	—	as long as short
GRVT RKLB_USDT_Perp	0.0000%	8h	70.421	+0.044%	$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	70.270	−0.170%	$1K	$6.0M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	70.430	+0.057%	$9K	$27K	20x	as long as short
Phemex RKLBUSDT	0.0000%	8h	70.350	−0.057%	$2.0M	$937K	10x	as long as short
Lighter RKLBlong	+0.0032%	1h	70.390	long leg	$124K	$45K	10x
Injective RKLB/USDC PERP	+0.0033%	1h	71.070	+0.966%	$31K	$5K	12x	as long as short
QFEX RKLB-USD	+0.0049%	1h	70.280	−0.156%	$1.2M	$1.7M	10x	as long as short
tradeXYZ xyz:RKLB	+0.0050%	1h	70.255	−0.192%	$11.8M	$3.5M	10x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	70.255	−0.192%	$320K	$1.7M	10x	as long as short
Vest RKLB-USD-PERP	+0.0055%	1h	70.420	+0.043%	—	$214K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	70.380	−0.014%	$43K	$132K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	70.312	−0.110%	—	—	10x	as long as short
BloFin RKLB-USDT	+0.0120%	8h	70.340	−0.071%	$228K	$311K	20x	as long as short
edgeX RKLBUSDC	+0.0747%	4h	70.422	+0.045%	$41K	$263K	10x	as long as short