Funding arb · Price arb /

RKLB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.007%

Price spread now: Lighter against Variational Omni+0.010%7-day average +0.117% · you sell dearer than you buy

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)−0.022%−$2 · spread now +0.010%, 7d avg +0.117%

Together, before fees+0.003%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.106% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.117%). If the spread goes back, that is −$11 on $10k: about 11 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	71.373	0	get 0.0000% / 8h	3h 42m	$299K	$330K	—
Short	Lighter RKLB	71.380	0.0032	get 0.0004% / 1h	42m 55s	$126K	$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 +0.010%Rate

Funding earned: $6.72
Price spread: +0.010% → +0.117%: −$10.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.92
Costs to cover: 0.000%
Break-even: 11.1 days

Slippage unknown: Variational Omni: RFQ quote, 11 min ago; Lighter: live order book, 57 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, 11 min ago	4.05 bp	doesn't fit	27.3 bp −$273	doesn't fit	doesn't fit
Sell Lighter live order book, 57 min ago	11.16 bp	11.2 bp −$11	13.3 bp −$133	67.1 bp −$6,710	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
KuCoin RKLBUSDTM	−0.0195%	8h	71.250	−0.172%	$1.2M	$130K	20x	as long as short
Aster RKLBUSDT	0.0000%	8h	71.269	−0.145%	$24K	$49K	20x	as long as short
Extended RKLB-USD	0.0000%	1h	71.255	−0.165%	$14K	$191K	10x	as long as short
Binance RKLBUSDT	0.0000%	8h	71.258	−0.161%	$11.2M	$39.3M	20x	as long as short
Bybit RKLBUSDT	0.0000%	8h	71.260	−0.158%	$2.4M	$1.9M	25x	as long as short
OKX RKLB-USDT-SWAP	0.0000%	8h	71.250	−0.172%	$4.0M	$5.6M	20x	as long as short
Gate RKLB_USDT	0.0000%	8h	71.240	−0.186%	$4.9M	$16.4M	75x	as long as short
Bitget RKLBUSDT	0.0000%	8h	71.270	−0.144%	$4.6M	$5.2M	20x	as long as short
Variational Omni RKLBlong	0.0000%	8h	71.373	long leg	$299K	$330K	—
GRVT RKLB_USDT_Perp	0.0000%	8h	71.329	−0.061%	$6K	$151K	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	71.290	−0.116%	$1K	$6.1M	10x	as long as short
HTX RKLB-USDT	0.0000%	8h	71.290	−0.116%	$9K	$27K	20x	as long as short
Phemex RKLBUSDT	0.0000%	8h	71.270	−0.144%	$2.0M	$861K	10x	as long as short
Lighter RKLBshort	+0.0032%	1h	71.380	+0.010%	$126K	$44K	10x
Injective RKLB/USDC PERP	+0.0033%	1h	71.070	−0.424%	$31K	$5K	12x	as long as short
QFEX RKLB-USD	+0.0044%	1h	71.260	−0.158%	$1.2M	$1.6M	10x	as long as short
tradeXYZ xyz:RKLB	+0.0050%	1h	71.233	−0.195%	$12.0M	$3.5M	10x	as long as short
Polymarket Perps RKLB-USD	+0.0050%	1h	71.227	−0.204%	$324K	$1.7M	10x	as long as short
Vest RKLB-USD-PERP	+0.0066%	1h	71.410	+0.053%	—	$214K	25x	as long as short
ApeX Omni RKLBUSDT	+0.0100%	1h	71.320	−0.074%	$44K	$133K	50x	as long as short
Aevo RKLB-PERP	+0.0104%	1h	71.266	−0.150%	—	—	10x	as long as short
BloFin RKLB-USDT	+0.0120%	8h	71.240	−0.186%	$233K	$313K	20x	as long as short
edgeX RKLBUSDC	+0.0467%	4h	71.343	−0.041%	$42K	$262K	10x	as long as short