Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.030%

Price spread now: GMX against Bybit−0.071%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.071% cheaper against Bybit than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINEAUSDT	0.002804	0.0100	pay 0.0050% / 4h	2h 21m	$2.8M	$899K	50x
Short	GMX LINEA/USD [ETH-USDC]	0.002802	L +0.0447% / S −0.0179%	get 0.0022% / 1h	21m 38s	$32K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $16.52
Price spread: −0.071% → 0.000%: −$7.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$13.62
Costs to cover: 0.230%
Break-even: 12.8 days

Slippage unknown: Bybit: live order book, 6 min ago; GMX: no order-book sample. 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 Bybit live order book, 6 min ago	3.58 bp	42.3 bp −$42	291.3 bp −$2,913	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINEA on 21 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
Backpack LINEA_USDC_PERP	−0.0137%	1h	0.002807	+0.103%	$88K	$62K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	+0.214%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002817	+0.464%	$110K	$57K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002815	+0.392%	$2.7M	$321K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002804	+0.015%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002807	+0.105%	$4.0M	$4.2M	50x	as long as short
Bybit LINEAUSDTlong	+0.0100%	4h	0.002804	long leg	$2.8M	$899K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002806	+0.071%	$1.2M	$993K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002803	−0.036%	$227K	$85K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002807	+0.107%	$3.9M	$1.1M	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LINEAUSDTM	+0.0100%	4h	0.002803	−0.036%	$524K	$79K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002806	+0.071%	$1.0M	$481K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002807	+0.107%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002792	−0.427%	$108K	$55K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002803	−0.023%	$138K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002800	−0.143%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002860	+1.997%	$1K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002807	+0.097%	$11K	$109K	10x	as long as short
BloFin LINEA-USDT	+0.0117%	4h	0.002800	−0.143%	$213K	$29K	50x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002801	−0.092%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]short	L +0.0447% / S −0.0179%	1h	0.002802	−0.071%	$32K	—	100x