Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: KuCoin against Lighter−0.139%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$477as in the Funding arb table

Net, price: spread back to 7d avg − costs−$497as in the Price arb table

costs, in and out, $10k−$4834.831% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.139%, 7d avg −0.003%

Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · farm board+$14 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: KuCoin is 0.136% 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 −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINEA	0.002873	0.0096	pay 0.0012% / 1h	50m 23s	$112K	$56K	3x
Short	KuCoin LINEAUSDTM	0.002869	0.0100	get 0.0050% / 4h	3h 50m	$572K	$61K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0.84
Price spread: −0.139% → −0.003%: −$13.59
Slippage, 4 orders: −$471.12
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$495.88
Costs to cover: 4.831%
Break-even: 4139.3 days

Slippage from Lighter: live order book, 49 min ago; KuCoin: live order book, 23 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, 49 min ago	12.26 bp	27.5 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 23 min ago	17.39 bp	239.9 bp −$240	736.2 bp −$7,362	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	−2.193%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0058%	4h	0.002858	−0.522%	$218K	$30K	50x	as long as short
Lighter LINEAlong	+0.0096%	1h	0.002873	long leg	$112K	$56K	3x
Aster LINEAUSDT	+0.0100%	4h	0.002870	−0.113%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002867	−0.192%	$4.1M	$4.0M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002865	−0.278%	$2.9M	$839K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002864	−0.313%	$1.2M	$965K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002870	−0.104%	$236K	$78K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002868	−0.174%	$4.0M	$1.0M	100x	as long as short
KuCoin LINEAUSDTMshort	+0.0100%	4h	0.002869	−0.139%	$572K	$61K	50x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget LINEAUSDT	+0.0100%	4h	0.002870	−0.104%	$1.1M	$471K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002867	−0.209%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002868	−0.171%	$90K	$61K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002863	−0.331%	$110K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002871	−0.085%	$150K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002870	−0.104%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002930	+1.984%	$1K	$1.6M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002867	−0.219%	$14K	$167K	10x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0180% / S +0.0151%	1h	0.002868	−0.174%	$33K	—	100x	as long as short
Reya LINEARUSDPERP	+0.0274%	1h	0.002867	−0.194%	$4K	—	3x	as long as short
Hyperliquid LINEA	+0.0387%	1h	0.002877	+0.139%	$2.8M	$281K	3x	as long as short