Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.040%

Price spread now: GMX against GRVT+0.140%69s7-day average — · you sell dearer than you buy

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

Long on GRVT 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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.140% dearer against GRVT than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 69 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	0.002848	0.0100	pay 0.0050% / 4h	56m 24s	$144K	$2.3M	10x
Short	GMX LINEA/USD [ETH-USDC]	0.002852	L +0.0449% / S −0.0181%	get 0.0023% / 1h	56m 24s	$32K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $17.05
Price spread: +0.140% → 0.000%: $14.03
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.09
Costs to cover: 0.210%
Break-even: 2.9 days

Slippage unknown: GRVT: live order book, 2 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 GRVT live order book, 2 min ago	286.32 bp	185753.3 bp −$185.8K	doesn't fit	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
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−1.334%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0090%	4h	0.002850	+0.070%	$218K	$16K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002852	+0.140%	$110K	$54K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002860	+0.421%	$2.7M	$255K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002852	+0.135%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002849	+0.035%	$4.1M	$3.6M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002847	−0.035%	$2.9M	$775K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002846	−0.070%	$1.2M	$944K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002852	+0.140%	$244K	$60K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002848	0.000%	$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	0.002851	+0.105%	$544K	$51K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002850	+0.070%	$1.1M	$484K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002849	+0.035%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002843	−0.189%	$113K	$59K	—	as long as short
GRVT LINEA_USDT_Perplong	+0.0100%	4h	0.002848	long leg	$144K	$2.3M	10x
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002850	+0.070%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002910	+2.177%	$2K	$1.5M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002847	−0.019%	$12K	$177K	10x	as long as short
Backpack LINEA_USDC_PERP	+0.0210%	1h	0.002851	+0.112%	$85K	$51K	10x	as long as short
Reya LINEARUSDPERP	+0.0270%	1h	0.002848	−0.001%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]short	L +0.0449% / S −0.0181%	1h	0.002852	+0.140%	$32K	—	100x