Funding arb · Price arb /

RKLB

RWAall RKLB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%

Price spread now: Bybit against Lighter−0.196%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$800.805% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.196%, 7d avg −0.120%

Together, before fees−0.076%+ Points / potential airdropLighter: Season 3 · farm board−$8 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 Bybit is 0.076% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.120%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RKLB	71.590	0.0032	pay 0.0004% / 1h	22m 04s	$126K	$44K	10x
Short	Bybit RKLBUSDT	71.450	0	get 0.0000% / 8h	7h 22m	$2.4M	$1.8M	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 −0.196%Rate

Funding earned: −$6.72
Price spread: −0.196% → −0.120%: −$7.56
Slippage, 4 orders: −$69.47
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$94.75
Costs to cover: 0.805%
Break-even: never at this rate

Slippage from Lighter: live order book, 33 min ago; Bybit: live order book, 5 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, 33 min ago	16.67 bp	37.0 bp −$37	39.5 bp −$395	95.5 bp −$9,553	doesn't fit
Sell Bybit live order book, 5 min ago	1.40 bp	11.8 bp −$12	58.3 bp −$583	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
edgeX RKLBUSDC	−0.0288%	4h	71.557	−0.047%	$42K	$257K	10x	as long as short
KuCoin RKLBUSDTM	−0.0166%	8h	71.470	−0.168%	$1.2M	$127K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	71.460	−0.182%	$25K	$53K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	71.434	−0.218%	$15K	$209K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	71.444	−0.204%	$11.2M	$38.0M	20x	as long as short
Bybit RKLBUSDTshort	0.0000%	8h	71.450	−0.196%	$2.4M	$1.8M	25x
Gate RKLB_USDT	0.0000%	8h	71.450	−0.196%	$4.8M	$16.3M	75x	as long as short
Bitget RKLBUSDT	0.0000%	8h	71.460	−0.182%	$4.6M	$5.0M	20x	as long as short
Variational Omni RKLB	0.0000%	8h	71.578	−0.016%	$267K	$345K	—	as long as short
GRVT RKLB_USDT_Perp	0.0000%	8h	71.554	−0.050%	$6K	$134K	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	71.460	−0.182%	$1K	$6.2M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	71.520	−0.098%	$10K	$25K	20x	as long as short
Phemex RKLBUSDT	0.0000%	8h	71.430	−0.223%	$2.0M	$792K	10x	as long as short
QFEX RKLB-USD	+0.0030%	1h	71.470	−0.168%	$1.2M	$1.6M	10x	as long as short
Lighter RKLBlong	+0.0032%	1h	71.590	long leg	$126K	$44K	10x
Injective RKLB/USDC PERP	+0.0033%	1h	69.710	−2.626%	$30K	$6K	12x	as long as short
OKX RKLB-USDT-SWAP	+0.0034%	8h	71.440	−0.210%	$4.0M	$5.2M	20x	as long as short
tradeXYZ xyz:RKLB	+0.0050%	1h	71.409	−0.253%	$11.9M	$2.9M	10x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	71.442	−0.207%	$325K	$1.7M	10x	as long as short
Vest RKLB-USD-PERP	+0.0072%	1h	71.600	+0.014%	—	$256K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	71.610	+0.028%	$44K	$134K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	71.442	−0.206%	—	—	10x	as long as short
BloFin RKLB-USDT	+0.0120%	8h	71.510	−0.112%	$235K	$309K	20x	as long as short