Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.096%

Price spread now: MEXC against GMX+0.035%7-day average — · you sell dearer than you buy

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

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. MEXC is 0.035% dearer against GMX than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINEA/USD [ETH-USDC]	0.002820	L +0.0448% / S −0.0179%	pay 0.0056% / 1h	56m 50s	$32K	—	100x
Short	MEXC LINEA_USDT	0.002821	0.0100	get 0.0050% / 4h	3h 56m	$3.9M	$1.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GMX. 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 GMXbpFee MEXCbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$73.16
Price spread: +0.035% → 0.000%: $3.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$85.61
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	3.54 bp	7.8 bp −$8	32.5 bp −$325	254.6 bp −$25.5K	doesn't fit

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
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.355%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002826	+0.213%	$111K	$45K	3x	as long as short
Backpack LINEA_USDC_PERP	+0.0098%	1h	0.002821	+0.025%	$86K	$62K	10x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002821	+0.018%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002821	+0.043%	$4.0M	$4.1M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002818	−0.071%	$2.8M	$877K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002818	−0.071%	$1.2M	$993K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002822	+0.071%	$228K	$78K	50x	as long as short
MEXC LINEA_USDTshort	+0.0100%	4h	0.002821	+0.035%	$3.9M	$1.1M	100x
KuCoin LINEAUSDTM	+0.0100%	4h	0.002822	+0.071%	$502K	$74K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget LINEAUSDT	+0.0100%	4h	0.002823	+0.106%	$1.1M	$450K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002819	−0.035%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002825	+0.182%	$109K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002821	+0.024%	$145K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	0.000%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002880	+2.128%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002821	+0.027%	$11K	$217K	10x	as long as short
BloFin LINEA-USDT	+0.0140%	4h	0.002820	0.000%	$211K	$30K	50x	as long as short
Hyperliquid LINEA	+0.0142%	1h	0.002829	+0.319%	$2.7M	$310K	3x	as long as short
Reya LINEARUSDPERP	+0.0278%	1h	0.002820	+0.017%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]long	L +0.0448% / S −0.0179%	1h	0.002820	long leg	$32K	—	100x