Funding arb · Price arb /

RKLB

RWAall RKLB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%

Price spread now: Lighter against Bybit+0.141%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$740.735% 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)+0.002%$0 · spread now +0.141%, 7d avg +0.120%

Together, before fees+0.131%+ 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 0.020% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RKLBUSDT	71.120	0	get 0.0000% / 8h	5h 49m	$2.4M	$1.9M	25x
Short	Lighter RKLB	71.220	0.0032	get 0.0004% / 1h	49m 29s	$126K	$44K	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 +0.141%Rate

Funding earned: $6.72
Price spread: +0.141% → +0.120%: $2.01
Slippage, 4 orders: −$62.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$64.81
Costs to cover: 0.735%
Break-even: 74.5 days

Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 60 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, 3 min ago	1.40 bp	13.2 bp −$13	61.2 bp −$612	doesn't fit	doesn't fit
Sell Lighter live order book, 60 min ago	11.97 bp	12.0 bp −$12	14.1 bp −$141	71.3 bp −$7,126	doesn't fit

RKLB on 22 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	−0.0643%	4h	71.187	+0.095%	$42K	$258K	10x	as long as short
KuCoin RKLBUSDTM	−0.0115%	8h	71.070	−0.070%	$1.2M	$129K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	71.088	−0.045%	$25K	$53K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	71.088	−0.045%	$14K	$199K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	71.090	−0.042%	$11.0M	$38.6M	20x	as long as short
Bybit RKLBUSDTlong	0.0000%	8h	71.120	long leg	$2.4M	$1.9M	25x
OKX RKLB-USDT-SWAP	0.0000%	8h	71.140	+0.028%	$4.0M	$5.4M	20x	as long as short
Gate RKLB_USDT	0.0000%	8h	71.120	0.000%	$4.8M	$16.4M	75x	as long as short
Bitget RKLBUSDT	0.0000%	8h	71.120	0.000%	$4.5M	$5.1M	20x	as long as short
Variational Omni RKLB	0.0000%	8h	71.171	+0.072%	$298K	$340K	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT RKLB_USDT_Perp	0.0000%	8h	71.200	+0.112%	$6K	$142K	10x	as long as short
SunX RKLB-USDT	0.0000%	8h	71.130	+0.014%	$1K	$6.1M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	71.160	+0.056%	$9K	$27K	20x	as long as short
Phemex RKLBUSDT	0.0000%	8h	71.150	+0.042%	$2.0M	$811K	10x	as long as short
QFEX RKLB-USD	+0.0023%	1h	71.100	−0.028%	$1.2M	$1.5M	10x	as long as short
Lighter RKLBshort	+0.0032%	1h	71.220	+0.141%	$126K	$44K	10x
Injective RKLB/USDC PERP	+0.0033%	1h	69.710	−1.983%	$30K	$5K	12x	as long as short
tradeXYZ xyz:RKLB	+0.0050%	1h	71.081	−0.055%	$12.1M	$3.3M	10x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	71.066	−0.076%	$324K	$1.7M	10x	as long as short
Vest RKLB-USD-PERP	+0.0058%	1h	71.250	+0.183%	—	$214K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	71.210	+0.127%	$44K	$136K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	71.133	+0.018%	—	—	10x	as long as short