Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%

Price spread now: OKX against Lighter−0.317%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$930.929% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)+0.305%+$31 · spread now −0.317%, 7d avg −0.130%

Together, before fees+0.327%+ Points / potential airdropLighter: Season 3 · farm board+$33 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: OKX is 0.187% cheaper against Lighter than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINEA	0.002835	0.0096	pay 0.0012% / 1h	34m 16s	$109K	$55K	3x
Short	OKX LINEA-USDT-SWAP	0.002826	0.0100	get 0.0050% / 4h	1h 34m	$1.2M	$921K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.317%Rate

Funding earned: $0.84
Price spread: −0.317% → −0.130%: −$18.74
Slippage, 4 orders: −$82.88
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$110.78
Costs to cover: 0.929%
Break-even: 930.2 days

Slippage from Lighter: live order book, 39 min ago; OKX: live order book, 2 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, 39 min ago	12.36 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.77 bp	23.4 bp −$23	124.6 bp −$1,246	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
Bybit LINEAUSDT	−0.0084%	4h	0.002826	−0.317%	$2.8M	$760K	50x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.882%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0066%	4h	0.002835	0.000%	$216K	$16K	50x	as long as short
Lighter LINEAlong	+0.0096%	1h	0.002835	long leg	$109K	$55K	3x
Hyperliquid LINEA	+0.0100%	1h	0.002840	+0.176%	$2.7M	$253K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002833	−0.060%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002831	−0.155%	$4.0M	$3.5M	50x	as long as short
OKX LINEA-USDT-SWAPshort	+0.0100%	4h	0.002826	−0.317%	$1.2M	$921K	50x
Gate LINEA_USDT	+0.0100%	4h	0.002835	0.000%	$242K	$61K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002831	−0.141%	$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	0.002835	0.000%	$542K	$50K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002832	−0.106%	$1.1M	$481K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002829	−0.212%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002829	−0.205%	$113K	$59K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002838	+0.107%	$141K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002840	+0.176%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002890	+1.940%	$2K	$1.4M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002830	−0.159%	$12K	$177K	10x	as long as short
Backpack LINEA_USDC_PERP	+0.0259%	1h	0.002833	−0.085%	$84K	$51K	10x	as long as short
Reya LINEARUSDPERP	+0.0269%	1h	0.002829	−0.210%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0181%	1h	0.002833	−0.071%	$32K	—	100x	as long as short