Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.029%

Price spread now: Bybit against Lighter−0.282%7-day average −0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1571.567% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.282%, 7d avg −0.141%

Together, before fees+0.221%+ Points / potential airdropLighter: Season 3 · 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: Bybit is 0.142% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINEA	0.002833	0.0096	pay 0.0012% / 1h	48m 14s	$110K	$58K	3x
Short	Bybit LINEAUSDT	0.002825	0.0100	get 0.0050% / 4h	2h 48m	$2.9M	$851K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter. 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 LighterbpFee BybitbpOrdersPrice spread, now −0.282%Rate

Funding earned: $0.84
Price spread: −0.282% → −0.141%: −$14.16
Slippage, 4 orders: −$145.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$170.07
Costs to cover: 1.567%
Break-even: 1424.3 days

Slippage from Lighter: live order book, 33 min ago; Bybit: live order book, 4 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 Lighter live order book, 33 min ago	28.10 bp	40.5 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.54 bp	43.7 bp −$44	192.9 bp −$1,929	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
Backpack LINEA_USDC_PERP	−0.0390%	1h	0.002830	−0.120%	$85K	$55K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.812%	$734	$39K	5.5x	as long as short
Lighter LINEAlong	+0.0096%	1h	0.002833	long leg	$110K	$58K	3x
Hyperliquid LINEA	+0.0100%	1h	0.002839	+0.212%	$2.7M	$254K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002832	−0.044%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002829	−0.141%	$4.0M	$3.6M	50x	as long as short
Bybit LINEAUSDTshort	+0.0100%	4h	0.002825	−0.282%	$2.9M	$851K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002825	−0.282%	$1.2M	$941K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002833	0.000%	$241K	$61K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002829	−0.141%	$3.8M	$1.0M	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	0.002833	0.000%	$542K	$50K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002831	−0.071%	$1.1M	$481K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002827	−0.212%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002823	−0.370%	$113K	$60K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002829	−0.127%	$139K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	−0.459%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002890	+2.012%	$1K	$1.4M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002828	−0.167%	$12K	$177K	10x	as long as short
BloFin LINEA-USDT	+0.0129%	4h	0.002828	−0.176%	$218K	$13K	50x	as long as short
Reya LINEARUSDPERP	+0.0268%	1h	0.002829	−0.143%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0181%	1h	0.002832	−0.035%	$32K	—	100x	as long as short