Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against GRVT−0.282%92s7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1821.819% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now −0.282%, 7d avg −0.125%

Together, before fees−0.217%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.157% cheaper against GRVT than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.125%. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LINEA_USDT_Perp	0.002823	0.0100	pay 0.0050% / 4h	3h 39m	$145K	$2.2M	10x
Short	Extended LINEA-USD	0.002815	0.0104	get 0.0013% / 1h	39m 57s	$11K	$213K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. 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 GRVTbpFee ExtendedbpOrdersPrice spread, now −0.282%Rate

Funding earned: $0.84
Price spread: −0.282% → −0.125%: −$15.71
Slippage, 4 orders: −$167.94
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$196.81
Costs to cover: 1.819%
Break-even: 1647.1 days

Slippage from GRVT: live order book, 3 min ago; Extended: live order book, 56 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 GRVT live order book, 3 min ago	5.32 bp	48.0 bp −$48	173.5 bp −$1,735	doesn't fit	doesn't fit
Sell Extended live order book, 56 min ago	5.34 bp	39.8 bp −$40	258.8 bp −$2,588	doesn't fit	doesn't fit

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	−0.450%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0086%	4h	0.002818	−0.167%	$210K	$30K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002825	+0.081%	$110K	$45K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002815	−0.286%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002815	−0.256%	$4.0M	$4.1M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002812	−0.379%	$2.8M	$874K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002812	−0.379%	$1.2M	$984K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002816	−0.238%	$228K	$78K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002814	−0.308%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002816	−0.238%	$501K	$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	0.002819	−0.131%	$1.0M	$450K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002815	−0.273%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002815	−0.280%	$86K	$63K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002812	−0.396%	$109K	$56K	—	as long as short
GRVT LINEA_USDT_Perplong	+0.0100%	4h	0.002823	long leg	$145K	$2.2M	10x
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	−0.096%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002870	+1.676%	$1K	$1.7M	20x	as long as short
Extended LINEA-USDshort	+0.0104%	1h	0.002815	−0.282%	$11K	$213K	10x
Hyperliquid LINEA	+0.0263%	1h	0.002823	+0.010%	$2.7M	$309K	3x	as long as short
Reya LINEARUSDPERP	+0.0278%	1h	0.002813	−0.329%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0179%	1h	0.002818	−0.167%	$32K	—	100x	as long as short