Funding arb · Price arb /

RKLB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.007%

Price spread now: Lighter against Variational Omni−0.152%7-day average +0.117% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$2 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.152%, 7d avg +0.117%

Together, before fees+0.165%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.269% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of +0.117%). If the spread goes back, that is −$27 on $10k: about 22 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RKLB	70.938	0	get 0.0000% / 8h	3h 26m	$294K	$333K	—
Short	Lighter RKLB	70.830	0.0040	get 0.0005% / 1h	26m 27s	$125K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.152%Rate

Funding earned: $8.4
Price spread: −0.152% → +0.117%: −$26.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$18.45
Costs to cover: 0.000%
Break-even: 22.4 days

Slippage unknown: Variational Omni: RFQ quote, 28 min ago; Lighter: live order book, 8 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 28 min ago	4.05 bp	doesn't fit	27.3 bp −$273	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	10.60 bp	10.6 bp −$11	12.7 bp −$127	68.7 bp −$6,874	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	−0.0409%	4h	70.887	−0.071%	$42K	$260K	10x	as long as short
KuCoin RKLBUSDTM	−0.0223%	8h	70.720	−0.307%	$1.2M	$130K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	70.730	−0.293%	$24K	$49K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	70.704	−0.329%	$19K	$211K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	70.720	−0.307%	$11.1M	$39.5M	20x	as long as short
Bybit RKLBUSDT	0.0000%	8h	70.730	−0.293%	$2.4M	$2.0M	25x	as long as short
OKX RKLB-USDT-SWAP	0.0000%	8h	70.730	−0.293%	$3.9M	$5.6M	20x	as long as short
Gate RKLB_USDT	0.0000%	8h	70.710	−0.321%	$4.9M	$16.4M	75x	as long as short
Bitget RKLBUSDT	0.0000%	8h	70.730	−0.293%	$4.5M	$5.2M	20x	as long as short
Variational Omni RKLBlong	0.0000%	8h	70.938	long leg	$294K	$333K	—

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	70.878	−0.085%	$6K	$154K	10x	as long as short
SunX RKLB-USDT	0.0000%	8h	70.860	−0.109%	$1K	$6.1M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	70.850	−0.123%	$9K	$27K	20x	as long as short
Phemex RKLBUSDT	0.0000%	8h	70.790	−0.208%	$2.0M	$873K	10x	as long as short
Injective RKLB/USDC PERP	+0.0033%	1h	71.070	+0.187%	$31K	$5K	12x	as long as short
Lighter RKLBshort	+0.0040%	1h	70.830	−0.152%	$125K	$44K	10x
QFEX RKLB-USD	+0.0044%	1h	70.680	−0.363%	$1.2M	$1.6M	10x	as long as short
tradeXYZ xyz:RKLB	+0.0050%	1h	70.654	−0.400%	$11.9M	$3.5M	10x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	70.657	−0.396%	$322K	$1.7M	10x	as long as short
Vest RKLB-USD-PERP	+0.0065%	1h	70.850	−0.123%	—	$214K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	70.880	−0.081%	$44K	$133K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	70.786	−0.214%	—	—	10x	as long as short
BloFin RKLB-USDT	+0.0120%	8h	70.870	−0.095%	$232K	$312K	20x	as long as short